Shares of Nordstrom (NYSE:JWN) moved higher by 6.8% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share decreased 72.84% year over year to $0.22, which beat the estimate of ($0.06).
Revenue of $3,089,000,000 decreased by 20.22% year over year, which missed the estimate of $3,100,000,000.
Outlook
Nordstrom Q3 Sales $1.86B Down From $3.87B YoY
Conference Call Details
Date: Nov 24, 2020
Time: 04:45 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/y875y3vt
Recent Stock Performance
52-week high: $43.37
52-week low: $11.72
Price action over last quarter: Up 76.65%
Company Overview
Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 outlet stores under the names Nordstrom Rack and Last Chance. The company also operates e-commerce sites. Nordstrom's largest merchandise categories are women's apparel (31% of sales) and shoes (24% of sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the Nordstrom family.
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