Nordstrom Issues Inline Q4 Results, Comps Up 2.2%
Nordstrom (NYSE JWN) reported fourth quarter 2014 earnings Thursday after the bell.
The company's revenue figure was in line with analyst estimates at $3.71 billion, but was unchanged on a year-over-year basis. Nordstrom reported $1.37 in earnings per share, beating analyst estimates of $1.34.
Same-store sales, which consist of the full-line and Direct business, increased 2.2 percent compared with last year's same-store sales increase of 6.1 percent. Full-line same-store sales decreased 3.3 percent compared with last year's same-store sales increase of 2.2 percent. Direct same-store sales increased 30 percent, building on last year's increase of 31 percent.
Nordstroms expects its planned entry into Canada to continue to be dilutive to earnings, primarily due to ongoing infrastructure investments and pre-opening costs.
Shares are trading down slightly 1 percent to $58.80 in after hours trading.
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