Nordstrom (JWN) Tops Q1 EPS by 10c

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Go back to Nordstrom (JWN) Tops Q1 EPS by 10c

Nordstrom First Quarter 2017 In-Line with Expectations

May 11, 2017 4:05 PM EDT

SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported first quarter earnings in-line with Company expectations. Earnings per diluted share for the first quarter ended April 29, 2017 was $0.37. This included an interest expense charge of $18 million, or $0.06, related to a $650 million debt refinancing completed in the first quarter of 2017, which was not included in the Company's outlook.

This compares to earnings per diluted share of $0.26 for the first quarter ended April 30, 2016, which included non-operational charges of $30 million, or $0.10, primarily related to higher credit chargeback expenses associated with an industry change in liability rules. Excluding... More