Nordstrom (JWN) Tops Q2 EPS by 11c, Raises FY Outlook

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Go back to Nordstrom (JWN) Tops Q2 EPS by 11c, Raises FY Outlook

Nordstrom Second Quarter 2016 Earnings Exceeded Expectations

August 11, 2016 4:05 PM EDT

Results Reflected Strong Anniversary Sale, Inventory and Expense Execution

SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share of $0.67 for the second quarter ended July 30, 2016, which exceeded Company expectations.

The Company's Anniversary Sale, historically its largest event of the year, performed better than recent trends. This event started one week later in July relative to last year, shifting one week of the event into the third quarter. Total Company net sales decreased 0.2 percent and comparable sales decreased 1.2 percent, compared with the same period last... More