Nordstrom (JWN) Tops Q4 EPS by 22c
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Nordstrom Fourth Quarter and Fiscal 2016 Earnings Exceeded Expectations
February 23, 2017 4:05 PM ESTAchieved Record Sales of $14.5 Billion, Operating Model Improvements
SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported fourth quarter earnings that exceeded expectations, reflecting continuous improvements to its operating model. Earnings per diluted share for the fourth quarter ended January 28, 2017 was $1.15, and when excluding the fourth quarter tax effect of the Trunk Club goodwill impairment, adjusted earnings per diluted share was $1.37. Fourth quarter results also included a non-operational gain of $0.10, which was not reflected in the Company's outlook. Net sales increased 2.4 percent and comparable sales decreased 0.9 percent.
For fiscal 2016,... More
