Nordstrom (JWN) Misses Q1 EPS by 1c, Revenue Beats, Guidance Tops Views

May 24, 2022 4:07 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Nordstrom (NYSE: JWN) reported Q1 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $3.57 billion versus the consensus estimate of $3.27 billion.

GUIDANCE:

Nordstrom sees FY2022 EPS of $3.20-$3.50, versus the consensus of $3.12.

  • Revenue growth, including retail sales and credit card revenues, of 6 to 8 percent versus fiscal 2021
  • EBIT margin of 5.8 to 6.2 percent of sales
  • Adjusted EBIT margin of 5.6 to 6.0 percent of sales3
  • Income tax rate of approximately 27 percent
  • EPS of $3.38 to $3.68, excluding the impact of share repurchase activity, if any
  • Adjusted EPS of $3.20 to $3.50, excluding the impact of share repurchase activity, if any3
  • Leverage ratio of approximately 2.5 times by year-end

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings

Related Entities

Earnings