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Nordstrom, Inc. (JWN)
38.41 +0.44 (1.16%)
After hours: 7:47PM EST
- MarketWatch
Nordstrom strengthens its active offerings through partnership with Tonal smart home gym
Nordstrom Inc. announced Monday that it has partnered with the Tonal smart home gym, starting in March. Tonal will have 50-square-foot concept shops in 40 Nordstrom locations across 20 states. Located in the women's active department, the shops will give customers the chance to test the equipment. Nordstrom has focused increasingly on its active assortment, launching of an online microsite for athleisure gear in December 2020. Nordstrom is scheduled to report its fourth-quarter earnings on Tuesday after the closing bell. Nordstrom stock is up 4.2% in Monday trading, and has rallied 38.5% over the last three months. The benchmark S&P 500 index is up 6.7% over the past three months.
- Benzinga
Nordstrom To Open Tonal Home Gym Mini-Shops In Its Stores
Nordstrom, Inc. (NYSE: JWN) announced it will be adding mini-shops for the Tonal home gym system in 40 of its department stores across 20 states, including 12 where Tonal does not have a physical location. What Happened: The mini-shops will be placed in 50-square-foot sections of Nordstrom's Women Active department. Shoppers will be able to experience a product demo and try a workout on the Tonal system, which combines equipment, digital weight and artificial intelligence software in creating personalized full-body workouts. Tonal retails for $2,995. "We know customers are looking for inspired workouts that elevate their wellness ambitions, and we're excited to offer them a dynamic new digital fitness experience through our partnership with Tonal," said Lori Marten, Nordstrom vice president and divisional merchandise manager. "Our goal is to help customers discover the latest active gear for style, performance and everything in-between, and we look forward to making it easier than ever to discover everything in one place so they can look and feel their best." Why It Happened: The Tonal endeavors marks the second time within a month that Nordstrom carved out floor space to accommodate specific brands. In February, the retailer's New York City outlet welcomed Black Founders, a pop-up store featuring products from eight Black-founded and -owned companies. Nordstrom will report its fourth quarter and fiscal year 2020 earnings Tuesday after the market's close. The company's fiscal year 2021 financial outlook calls for more than 25% in revenue growth, which would be a dramatic turnaround considering its third-quarter revenue fell 16% year-over-year to $3.089 billion and the Nordstrom executive team predicted fourth quarter sales would decline in the low 20% range. Photo courtesy Nordstrom. See more from BenzingaClick here for options trades from BenzingaHubSpot CEO Brian Halligan Injured In Snowmobile AccidentFacebook Unveils Bars, A TikTok-Style App For Aspiring Rappers© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Benzinga
Earnings Outlook For Nordstrom
On Tuesday, March 02, Nordstrom (NYSE:JWN) will release its latest earnings report. Benzinga's outlook for Nordstrom is included in the following report. Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Wall Street analysts see Nordstrom reporting earnings of $0.14 per share on revenue of $3.60 billion. Nordstrom EPS in the same period a year ago totaled $1.42. Revenue was $4.54 billion. Why Analyst Estimates And Earnings Surprises Are Important Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values. View more earnings on JWN The Wall Street consensus estimate for earnings would represent a 90.14% decrease for the company. Sales would be down 20.67% from the same quarter last year. Here is how the Nordstrom's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate -0.06 -1.48 -0.95 1.47 EPS Actual 0.22 -1.62 -2.23 1.42 Revenue Estimate 3.10 B 2.38 B 2.41 B 4.56 B Revenue Actual 3.09 B 1.78 B 2.03 B 4.54 B Stock Performance Shares of Nordstrom were trading at $36.41 as of February 26. Over the last 52-week period, shares are up 11.8%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. Nordstrom is scheduled to hold the call at 16:45:00 ET and can be accessed here. See more from BenzingaClick here for options trades from Benzinga10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
