澳洲幸运5官方开奖结果体彩网

Nordstrom Stock Jumps Amid Strong Earnings, Rack Sales

Nordstrom

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KEY TAKEAWAYS

  • Nordstrom shares jumped Wednesday, a day after posting better-than-estimated adjusted EPS of 96 cents on revenue of $3.89 billion.
  • The department store operator reported a nearly 9% year-over-year sales gain at its Nordstrom Rack discount chain.
  • Nordstrom also said its comparable store sales would be in a range of flat to 2% growth from fiscal 2023, compared with its previous projection of a 1% decline to 2% growth.

Nordstrom (JWN) shares ju🌺mped Wednesday, a day aꩵfter posting better-than-expected second-quarter results.

Nordstrom reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 96 cents on revenue of $3.89 billion, topping consensus expectations of analysts polled by Visible Alpha, and a nearly 9% year-over-year sales gain at its Nordstrom Rack discount chain.

"We're encouraged by the continued topline strength in both banners and the progress we're making to expand gross margin and increase profitability," Nordstrom 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Erik Nordstrom said. "We're confident in our outlook for the remainder of 🌊the year and look forward to sustaining the momentum we've built as we execute on our 2024 priorities."

Nordstrom Raises Low End of F💫Y Comparable Store Sales Range

The department store operator also said its full-year 澳洲幸运5官方开奖结果体彩网:comparable store sales would be in a range of flat to 2% growth from fiscal 2023, compared with its previous projection of a 1% decline to 2% growth.

Nordstrom shares rose 5.5% to $22.31 as of 10:50 a.m. ET Wednesday, bringing their gain for 2024 to about 20%.

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