Nordstrom (JWN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.07 per share a year ago.
Nordstrom Inc. JWN, -2.23% shares fell 7.3% in extended trades Thursday after the company reported a wider-than-expected first-quarter loss although revenue topped analysts' estimate. The department-store chain reported a net loss of $39 million, or a loss of 24 cents a share.
Nordstrom beat Wall Street expectations for first-quarter revenue on Thursday, as the department store chain's efforts to stock up shelves with fresher clothing and footwear offerings helped drive demand.
The department store operator Nordstrom stuck by its full-year forecast despite the miss.
Nordstrom's (JWN) first-quarter fiscal 2024 results are likely to show the impacts of a tough operating environment and higher SG&A expenses.
Besides Wall Street's top -and-bottom-line estimates for Nordstrom (JWN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.
Nordstrom (JWN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Baby Boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.
SEATTLE — Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died.