Nordstrom (JWN) Misses Q4 EPS by 5c, FY EPS Guidance Falls Short
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Revenue Growth %: +0.3%
Financial Fact:
Cost of sales and related buying and occupancy costs: -2.26B
Today's EPS Names:
DGICA, UXIN, TOWN, More
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Nordstrom (NYSE: JWN) reported Q4 EPS of $1.17, $0.05 worse than the analyst estimate of $1.22. Revenue for the quarter came in at $4.19 billion versus the consensus estimate of $4.22 billion.
GUIDANCE:
Nordstrom sees FY2016 EPS of $3.10-$3.35, versus the consensus of $3.53.
FISCAL YEAR 2016 OUTLOOK
In response to its current sales trends, Nordstrom has made adjustments to its operating plan, which included a reduction in expenses and capital investments. The Company's expectations for fiscal 2016 are as follows:
Net sales increase (percent) | 3.5 to 5.5 | |
Comparable sales increase (percent) | 0 to 2 | |
Retail EBIT increase (percent)1 | 3 to 10 | |
Credit EBIT | $70 to $80 million | |
Earnings per diluted share (excluding the impact of any future share repurchase) | $3.10 to $3.35 |
1 Excluding impairment charges of $59 million in 2015, Retail EBIT is expected to have a decrease of 3 percent to an increase of 3 percent relative to last year.
In the first half of fiscal 2016, the Company expects earnings per diluted share to decrease by approximately 30 percent relative to the same period last year due to the following:
For earnings history and earnings-related data on Nordstrom (JWN) click here.
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