From Financial Modeling Prep: 2024-11-27 08:42:00

Nordstrom (NYSE:JWN) beat expectations in Q3 with adjusted EPS of $0.33, surpassing the $0.22 estimate. Revenue hit $3.35 billion, a 4.6% increase YoY, with comparable sales up 4.0%. Nordstrom Rack saw a 10.6% net sales surge. Gross profit margin rose to 35.6%, driven by strong regular price sales and a 6.4% rise in digital sales.

The luxury retailer raised its full-year guidance, now expecting adjusted EPS of $1.75 to $2.05 for fiscal 2024, up from the prior consensus of $1.90. Revenue is projected to be flat to up 1.0% compared to fiscal 2023. Digital sales accounted for 34% of total sales in the quarter, contributing to Nordstrom’s strong performance.



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