Nordstrom (JWN) Misses Q4 EPS by 5c, FY EPS Guidance Falls Short
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Nordstrom Fourth Quarter and Fiscal 2015 Earnings In-Line with Expectations
February 18, 2016 4:05 PM ESTAchieved Sales Growth of 7.5% and Comparable Sales Increase of 2.7% for the Year
SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share for the fourth quarter ended January 30, 2016 of $1.00, which included asset impairment charges of $0.17 that were not included in the Company's outlook. Fourth quarter net sales increased 5.2 percent and comparable sales increased 1.0 percent, consistent with a comparable sales increase of 0.9 percent in the third quarter.
For fiscal 2015, earnings per diluted share were $3.15. Excluding impairment charges, earnings were in-line with the Company's outlook of $3.30 to $3.40. Fiscal 2015 net sales... More
