Nordstrom delivers better-than-anticipated earnings and revenue in Q4

Investing.com

04 Mar

Investing.com -- Nordstrom (NYSE:JWN) reported better-than-expected earnings and revenue for the fourth quarter of fiscal 2024.

The luxury department store operator reported earnings per share (EPS) of $1.10, ahead of the consensus estimate of $0.92. The company's revenue for the period totaled $4.32 billion, while analysts projected $4.27 billion.

Sales for the Nordstrom brand came in at $2.76 billion, just shy of the $2.77 billion estimate, while Nordstrom Rack generated $1.45 billion, surpassing the forecast of $1.43 billion.

Nordstrom reported adjusted EBITDA of $382 million, missing the consensus estimate of $397.5 million.

Meanwhile, gross margin stood at 37.3%, outperforming the consensus estimate of 35.2%.

"Customers responded positively to the strength of our offering across both banners in the fourth quarter," said Erik Nordstrom, CEO of Nordstrom.

"We maintained the momentum we built throughout the year, which resulted in full-year sales and profitability coming in at the high end of our expectations."

Separately, Starbucks (NASDAQ:SBUX) named Nordstrom's Cathy R. Smith as its new executive vice president and chief financial officer (CFO). Smith served as Nordstrom's executive vice president, CFO and treasurer since 2023.

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The company's revenue for the period totaled $4.32 billion, while analysts projected $4.27 billion.</p>\n<p>Sales for the Nordstrom brand came in at $2.76 billion, just shy of the $2.77 billion estimate, while Nordstrom Rack generated $1.45 billion, surpassing the forecast of $1.43 billion.</p>\n<p>Nordstrom reported adjusted EBITDA of $382 million, missing the consensus estimate of $397.5 million.</p>\n<p>Meanwhile, gross margin stood at 37.3%, outperforming the consensus estimate of 35.2%.</p>\n<p>\"Customers responded positively to the strength of our offering across both banners in the fourth quarter,\" said Erik Nordstrom, CEO of Nordstrom.</p>\n<p>\"We maintained the momentum we built throughout the year, which resulted in full-year sales and profitability coming in at the high end of our expectations.\"</p>\n<p>Separately, Starbucks (NASDAQ:SBUX) named Nordstrom's Cathy R. Smith as its new executive vice president and chief financial officer (CFO). Smith served as Nordstrom's executive vice president, CFO and treasurer since 2023. </p>\n<p>Related Articles</p>\n<p>Nordstrom delivers better-than-anticipated earnings and revenue in Q4</p>\n<p>Nordstrom beats holiday-quarter sales estimates; CFO jumps ship to Starbucks</p>\n<p>Musk rallies the far right in Europe. 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The company's revenue for the period totaled $4.32 billion, while analysts projected $4.27 billion.Sales for the Nordstrom brand came in at $2.76 billion, just shy of the $2.77 billion estimate, while Nordstrom Rack generated $1.45 billion, surpassing the forecast of $1.43 billion.Nordstrom reported adjusted EBITDA of$382 million, missing the consensus estimate of $397.5 million.Meanwhile, gross margin stood at 37.3%, outperforming the consensus estimate of 35.2%.\"Customers responded positively to the strength of our offering across both banners in the fourth quarter,\" said Erik Nordstrom, CEO of Nordstrom.\"We maintained the momentum we built throughout the year, which resulted in full-year sales and profitability coming in at the high end of our expectat","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SBUX":"星巴克","JWN":"诺德斯特龙"},"translate_title":"Nordstrom第四季度盈利和收入好于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JWN":1,"SBUX":0.9},"content_text":"Investing.com -- Nordstrom (NYSE:JWN) reported better-than-expected earnings and revenue for the fourth quarter of fiscal 2024. \nThe luxury department store operator reported earnings per share (EPS) of $1.10, ahead of the consensus estimate of $0.92. The company's revenue for the period totaled $4.32 billion, while analysts projected $4.27 billion.\nSales for the Nordstrom brand came in at $2.76 billion, just shy of the $2.77 billion estimate, while Nordstrom Rack generated $1.45 billion, surpassing the forecast of $1.43 billion.\nNordstrom reported adjusted EBITDA of $382 million, missing the consensus estimate of $397.5 million.\nMeanwhile, gross margin stood at 37.3%, outperforming the consensus estimate of 35.2%.\n\"Customers responded positively to the strength of our offering across both banners in the fourth quarter,\" said Erik Nordstrom, CEO of Nordstrom.\n\"We maintained the momentum we built throughout the year, which resulted in full-year sales and profitability coming in at the high end of our expectations.\"\nSeparately, Starbucks (NASDAQ:SBUX) named Nordstrom's Cathy R. Smith as its new executive vice president and chief financial officer (CFO). Smith served as Nordstrom's executive vice president, CFO and treasurer since 2023. \nRelated Articles\nNordstrom delivers better-than-anticipated earnings and revenue in Q4\nNordstrom beats holiday-quarter sales estimates; CFO jumps ship to Starbucks\nMusk rallies the far right in Europe. Tesla is paying the price","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}