Shares of Nordstrom JWN decreased in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 71.30% year over year to ($0.64), which missed the estimate of ($0.57).
Revenue of $2,921,000,000 rose by 44.18% from the same period last year, which beat the estimate of $2,900,000,000.
Outlook
Nordstrom Reaffirms FY21 Sales Growth Guidance Of Over 25%
Details Of The Call
Date: May 25, 2021
Time: 04:45 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/qisdrih4
Price Action
52-week high: $46.45
Company's 52-week low was at $11.72
Price action over last quarter: down 3.78%
Company Description
Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites. Nordstrom's largest merchandise categories are women's apparel (29% of 2020 sales), shoes (26% of 2020 sales), and women's accessories (14% of 2020 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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