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Shares of Nordstrom (NYSE:JWN) decreased in after-market trading after the company reported Q1 results.
Quarterly Results
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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
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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.