Nordstrom Inc. JWN just released its fourth quarter fiscal 2016 earnings results, posting earnings, before non-recurring items, of $1.37 per share and revenues of $4.2 billion. Currently, JWN is a #4 (Sell) on the Zacks Rank, and is up 3.5% to $45.51 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.22 per share. This number excludes 22 cents from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $4.2 billion, lagging behind our consensus estimate of $4.365 billion but increasing 2.4% year-over-year.
Total comparable sales decreased 0.9%. The top-performing merchandise categories were Women’s Apparel and Beauty, while the younger customer-focused departments in Women’s Apparel continued to outperform, reflecting strength in denim and collaborations with new and emerging limited distribution brands.
Nordstrom Rack net sales increased 10.7% and comparable sales increased 4.3%.
Looking ahead to fiscal 2017, Nordstrom expects net sales to see a 3% to 4% increase, with approximately flat comparable sales. Earnings per diluted share are expected in the range of $2.75 to $3.00.
Here’s a graph that looks at Nordstrom’s price, consensus, and EPS surprise:
Nordstrom, Inc. Price, Consensus and EPS Surprise
Nordstrom, Inc. Price, Consensus and EPS Surprise | Nordstrom, Inc. Quote
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
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Nordstrom, Inc. (JWN): Free Stock Analysis Report
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