Nordstrom (JWN) Tops Q3 EPS by 33c, Raises FY Guidance
Nordstrom (NYSE: JWN) reported Q3 EPS of $0.84, $0.33 better than the analyst estimate of $0.51. Revenue for the quarter came in at $3.54 billion versus the consensus estimate of $3.48 billion. Comps increased 2.4%.
GUIDANCE:
Nordstrom sees FY2016 EPS of $2.85-$2.95, versus prior guidance of $2.60-$2.75 and the consensus of $2.73.
| Prior Outlook | Current Outlook, excluding impairmentcharge | Current Outlook | |||||
| Net sales (percent) | 2.5 to 4.5 increase | Approximately 3.5 increase | Approximately 3.5 increase | ||||
| Comparable sales (percent) | 1 decrease to 1 increase | Approximately flat | Approximately flat | ||||
| Retail EBIT (percent) | 10 to 15 decrease | 5 to 10 decrease | 30 to 35 decrease | ||||
| Credit EBIT (million) | Approximately $80 | Approximately $90 | Approximately $90 | ||||
| Earnings per diluted share (excluding the impact of any future share repurchases) | $2.60 to $2.75 | $2.85 to $2.95 | $1.70 to $1.80 |
For earnings history and earnings-related data on Nordstrom (JWN) click here.