Nordstrom (JWN) Misses Q1 EPS by 20c, Cuts FY EPS Outlook
(Updated - May 21, 2019 4:08 PM EDT)
Nordstrom (NYSE: JWN) reported Q1 EPS of $0.23, $0.20 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $3.44 billion versus the consensus estimate of $3.57 billion.
FISCAL YEAR 2019 OUTLOOK
Nordstrom remains focused on three strategic objectives in driving shareholder returns: gaining market share, improving profitability and returns, and maintaining disciplined capital allocation. The Company revised its annual outlook to reflect current trends:
| � | Prior Outlook | � | Current Outlook | |
| Net sales | 1 to 2 percent increase | � | 2 percent decrease to flat | |
| Credit card revenues, net | Mid to high single-digit growth | Low to mid single-digit growth | ||
| EBIT | $915 to $970 million | $805 to $890 million | ||
| EBIT margin | 5.9 to 6.1 percent | 5.3 to 5.8 percent | ||
| Earnings per diluted share (excluding the impact of any potential future share repurchases) | $3.65 to $3.90 | $3.25 to $3.65 |
(Consensus calls for FY EPS of $3.74)
For earnings history and earnings-related data on Nordstrom (JWN) click here.