Nordstrom (JWN) Misses Q1 EPS by 1c, Revenue Beats, Guidance Tops Views

Nordstrom (NYSE: JWN) reported Q1 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $3.57 billion versus the consensus estimate of $3.27 billion.

GUIDANCE:

Nordstrom sees FY2022 EPS of $3.20-$3.50, versus the consensus of $3.12.

• Revenue growth, including retail sales and credit card revenues, of 6 to 8 percent versus fiscal 2021
• EBIT margin of 5.8 to 6.2 percent of sales
• Adjusted EBIT margin of 5.6 to 6.0 percent of sales3
• Income tax rate of approximately 27 percent
• EPS of $3.38 to $3.68, excluding the impact of share repurchase activity, if any
• Adjusted EPS of $3.20 to $3.50, excluding the impact of share repurchase activity, if any3
• Leverage ratio of approximately 2.5 times by year-end

For earnings history and earnings-related data on Nordstrom (JWN) click here.

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