Nordstrom (JWN) Tops Q3 EPS by 33c, Raises FY Guidance

November 10, 2016 4:08 PM EST

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Nordstrom (NYSE: JWN) reported Q3 EPS of $0.84, $0.33 better than the analyst estimate of $0.51. Revenue for the quarter came in at $3.54 billion versus the consensus estimate of $3.48 billion. Comps increased 2.4%.


Nordstrom sees FY2016 EPS of $2.85-$2.95, versus prior guidance of $2.60-$2.75 and the consensus of $2.73.

Prior Outlook

Current Outlook, excluding impairmentcharge

Current Outlook
Net sales (percent) 2.5 to 4.5 increase Approximately 3.5 increase Approximately 3.5 increase
Comparable sales (percent) 1 decrease to 1 increase Approximately flat Approximately flat
Retail EBIT (percent) 10 to 15 decrease 5 to 10 decrease 30 to 35 decrease
Credit EBIT (million) Approximately $80 Approximately $90 Approximately $90
Earnings per diluted share (excluding the impact of any future share repurchases) $2.60 to $2.75 $2.85 to $2.95 $1.70 to $1.80

For earnings history and earnings-related data on Nordstrom (JWN) click here.

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