Nordstrom (JWN) Tops Q1 Views; Raises FY09 EPS Guidance
JWN Hot Sheet
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Nordstrom (NYSE: JWN) reports Q1 EPS of $0.31, ex-items, 5 cents better than the analyst estimate of $0.26. Revenue for the quarter was $1.71 billion, versus the consensus of $1.69 billion.
Full line same stores sales were down 16.5% for the quarter.
Raises its FY09 EPS guidance from $1.10-$1.50 to $1.25-$1.50, versus the consensus of $1.27. Sees FY09 comps down 10-15%.
UPDATE: Click here to see some highlights from the company's Q1 conference call.
Full line same stores sales were down 16.5% for the quarter.
Raises its FY09 EPS guidance from $1.10-$1.50 to $1.25-$1.50, versus the consensus of $1.27. Sees FY09 comps down 10-15%.
UPDATE: Click here to see some highlights from the company's Q1 conference call.
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