Nordstrom (JWN) Misses Q4 EPS by 24c, Offers FY Guidance
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Financial Fact:
Cost of sales and related buying and occupancy costs: -2.26B
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Nordstrom (NYSE: JWN) reported Q4 EPS of $1.23, $0.24 worse than the analyst estimate of $1.47. Revenue for the quarter came in at $4.54 billion versus the consensus estimate of $4.56 billion.
GUIDANCE:
Nordstrom sees FY2020 EPS of $3.25-$3.50, versus the consensus of $3.49.
Nordstrom remains committed to increasing total shareholder returns through three financial objectives: gaining market share; increasing profitability and return on invested capital; and maintaining disciplined capital allocation. The Company has provided financial expectations for fiscal 2020, which does not include any potential impact from the current coronavirus situation, as follows:
Net sales | 1.5 to 2.5 percent increase | |
Credit card revenues, net | Mid-single-digit growth | |
EBIT | $815 to $855 million | |
EBIT margin | 5.3 to 5.5 percent | |
Earnings per diluted share (assuming impact of future share repurchases) | $3.25 to $3.50 |
For earnings history and earnings-related data on Nordstrom (JWN) click here.
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