Nordstrom (JWN) Misses Q1 EPS by 20c, Cuts FY EPS Guidance
(Updated - May 12, 2016 4:10 PM EDT)
Nordstrom (NYSE: JWN) reported Q1 EPS of $0.26, $0.20 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $3.25 billion versus the consensus estimate of $3.28 billion.
- comparable sales decreased 1.7 percent, compared with the same period last year.
GUIDANCE:
Nordstrom sees FY2016 EPS of $2.50-$2.70, versus the consensus of $3.20.
| Prior Outlook | Current Outlook | |||
| Net sales (percent) | 3.5 to 5.5 increase | 2.5 to 4.5 increase | ||
| Comparable sales (percent) | 0 to 2 increase | 1 decrease to 1 increase | ||
| Retail EBIT (percent) | 3 to 10 increase | 10 to 20 decrease | ||
| Credit EBIT | $70 to $80 million | $70 to $80 million | ||
| Earnings per diluted share (excluding the impact of any future share repurchases) | $3.10 to $3.35 | $2.50 to $2.70 |
For earnings history and earnings-related data on Nordstrom (JWN) click here.