Brean Capital Reiterates Hold Following Nordstrom's (JWN) EPS Miss
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Nordstrom First Quarter 2015 Earnings In-Line with Expectations
May 14, 2015 4:05 PM EDTAchieved Total Sales Growth of 9.8 Percent
SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share of $0.66 for the first quarter ended May 2, 2015, which were in-line with Company expectations, compared with $0.72 for the first quarter ended May 3, 2014. Total Company net sales increased 9.8 percent and comparable sales increased 4.4 percent, compared with the same period last year.
The Company continued its progress in executing its customer strategy while maintaining disciplined execution around inventory and expenses. First quarter results reflected store and online growth including:
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