Nordstrom (JWN) Tops Q1 EPS by 7c, Revenue Beats; Boosts FY18 EPS Mid-Point Guidance Above Consensus

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Go back to Nordstrom (JWN) Tops Q1 EPS by 7c, Revenue Beats; Boosts FY18 EPS Mid-Point Guidance Above Consensus

Nordstrom Reports First Quarter 2018 Earnings

May 17, 2018 4:05 PM EDT

Double-Digit Growth in Digital Sales

SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share for the first quarter ended May 5, 2018 of $0.51, compared with the first quarter ended April 29, 2017 of $0.37, which included a debt refinancing charge of $0.06.

Total Company net sales increased 5.8 percent for the first quarter ended May 5, 2018 compared with the quarter ended April 29, 2017. This reflected an increase of approximately 250 basis points primarily due to the shift of a Nordstrom Rewards loyalty event into the first quarter relative to the second quarter last year. Comparable sales... More