Nordstrom (JWN) Misses Q1 EPS by 20c, Cuts FY EPS Guidance
Tweet
Share
E-mail
Get Alerts JWN Hot Sheet
Price: $24.66 --0%
Financial Fact:
Cost of sales and related buying and occupancy costs: -2.26B
Today's EPS Names:
VIVO, BIOX, PMCB, More
Financial Fact:
Cost of sales and related buying and occupancy costs: -2.26B
Today's EPS Names:
VIVO, BIOX, PMCB, More
Join SI Premium – FREE
(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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Raymond James Downgrades Phreesia Inc. (PHR) to Market Perform
- Morgan Stanley Downgrades Infineon Technologies (IFX:GY) (IFNNY) to Equalweight
- Citi upgrades C.H. Robinson to Buy with $185 target, Opens 90-Day upside catalyst watch
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
