Nordstrom Surges On Strong Results, Aided By Anniversary Sale

  • Nordstrom, Inc. JWN reports Q3 EPS $0.84, beating the Street’s consensus by $0.33.
  • Revenue of $3.5 billion, came in slightly ahead of expectations for $3.48 billion in sales.
  • It should be noted that the company’s Anniversary Sale inflated trends at the beginning of the quarter, for about one week.
  • Comp sales increased by 2.4 percent in Q3.
  • Total sales rose by 7.2 percent year-over-year.
  • Management said it expects revenue to surge by roughly 3.5 percent in fiscal 2016.
  • Management guided for full year EPS of $2.85 to $2.95, above estimates of $2.73.
  • Shares are trading up more than 7 percent on Thursday’s after-hours session.
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