Nordstrom exceeded earnings expectations in Q2, reporting revenue growth and opening new Rack locations.

From CNBC: 2024-08-27 16:09:09

Nordstrom exceeded earnings expectations in Q2, with adjusted EPS of 96 cents compared to 71 cents expected. The company reported revenue of $3.89 billion, up 3.4% from last year, although slightly below analyst estimates. Shares rose over 10% in extended trading. Nordstrom’s six-month profits improved over last year, with a $83 million profit compared to a $67 million loss. Nordstrom Rack’s sales grew 8.8%, outpacing the mainline banner’s 0.9% net sales increase. Nordstrom opened 11 new Rack locations this fiscal year, aiming for at least 22 by year-end.



Read more at CNBC:: Nordstrom (JWN) earnings Q2 2024