Nordstrom (JWN) Prelim. Q3 Retail Sales Lighter than Views
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Nordstrom, Inc. (NYSE: JWN) reports third quarter same-store sales, which reflected a shift in the timing of the Anniversary Sale event, increased 10.7 percent compared with the same period in fiscal 2011. Preliminary third quarter total retail sales of $2.71 billion increased 13.8 percent compared with total retail sales of $2.38 billion for the same period in fiscal 2011.
The Street is modeling Q3 sales of $2.78 billion.
Year-to-date same-store sales increased 7.7 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $8.17 billion increased 11.4 percent compared with total retail sales of $7.33 billion for the same period in fiscal 2011.
The Street is modeling Q3 sales of $2.78 billion.
Year-to-date same-store sales increased 7.7 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $8.17 billion increased 11.4 percent compared with total retail sales of $7.33 billion for the same period in fiscal 2011.
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