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Nordstrom, Inc. (JWN) Misses Q1 EPS by 3c, Comps 2.7%

May 16, 2013 4:06 PM EDT
Nordstrom, Inc. (NYSE: JWN) reported Q1 EPS of $0.73, $0.03 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $2.66 billion versus the consensus estimate of $2.8 billion.

Total Company same-store sales increased 2.7 percent compared with the same period in fiscal 2012.

The Company continues to expect annual earnings per diluted share consistent with the previous outlook of $3.65 to $3.80. This reflects full-year same-store sales increases of 3 to 5 percent and incorporates the performance of the first quarter. It also includes the impact of share repurchases in the first quarter, which is expected to increase earnings per diluted share by approximately $0.05.

Ending inventory per square foot increased 5.9 percent compared with the same period in fiscal 2012. This outpaced sales per square foot growth of 2.3 percent for the quarter and was attributable to the planned investment in pack and hold inventory at Nordstrom Rack.

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


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