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Filing in Focus: Nordstrom 8-K, November 14, 2013
Nordstrom, Inc. (JWN) announced its fiscal third quarter financial results, reporting a 6% decline in earnings from a year ago. Earnings were $137M, or $0.69 per share, down from $146M and $0.71 per share. Company-wide same-store sales increased 0.1% with net sales increasing 2.9% to $2.8B. Due to the timing of its Anniversary Sale, its largest sales event of the year, sales appear to be worse than what they really were. Women’s products continue to be the company’s top performing category, with shoes, apparel, and cosmetics leading the way. Nordstrom raised its earnings per share guidance for the year from between $3.60 and $3.70 to between $3.65 and $3.70. It also refined its total sales and same-stores sales outlook, estimating the figures to be in the middle of the previously issued ranges, now expecting 3.5% and 2.5% respectively.