Nordstrom (JWN) Misses Q2 EPS by 14c, Revenues Miss

Nordstrom (NYSE: JWN) reported Q2 EPS of ($1.62), $0.14 worse than the analyst estimate of ($1.48). Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $2.38 billion.

Link to 2Q Earnings Release

"At the onset of the pandemic, we focused on protecting and enhancing liquidity, and we successfully executed on these plans," said Erik Nordstrom, chief executive officer of Nordstrom, Inc. "Thanks to our team's efforts during the second quarter, we further strengthened our balance sheet with liquidity of $1.3 billion and generated operating cash flow of more than $185 million. We are now pivoting to prioritize market share gains and profitable growth as we advance our strategies."

"We're confident that we can improve sales trends in the second half of the year and beyond," said Pete Nordstrom, president and chief brand officer of Nordstrom, Inc. "Our inventories are current and in-line, and we're focused on amplifying relevant categories, brands and trends to meet customers' changing preferences."

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

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