Nordstrom (JWN) PT, Estimates Raised at Piper Jaffray on 'Beat and Raise' Qtr
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Nordstrom Achieved Total Sales Growth of 9.2% and Comparable Sales Increase of 4.9%
August 13, 2015 4:05 PM EDTSecond Quarter 2015 Earnings In-Line with Expectations
SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share of $1.09 for the second quarter ended August 1, 2015. This included an increase in earnings per diluted share of $0.16, which primarily represented the reclassification of receivables as "held for sale" associated with the pending credit card transaction.
The Company's second quarter performance, which was in-line with Company expectations, reflected the execution of its customer strategy and continued top-line strength fueled by its growth investments. Total Company net sales increased 9.2 percent, marking the fourth consecutive... More
