Nordstrom (JWN) Misses Q2 EPS by 14c, Revenues Miss

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Go back to Nordstrom (JWN) Misses Q2 EPS by 14c, Revenues Miss

Nordstrom Reports Second Quarter 2020 Earnings

August 25, 2020 4:05 PM EDT

SEATTLE, Aug. 25, 2020 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported second quarter results, which reflected cash flow and earnings exceeding the Company's expectations through improved merchandise margins and significant overhead cost reductions. Loss per diluted share of $1.62 included charges of $0.08 associated with the impact of COVID-19.

For the second quarter ended August 1, 2020, sales were in-line with the Company's expectations. Net sales decreased 53 percent from last year, reflecting temporary store closures for approximately 50 percent of days during the quarter due to COVID-19 in addition to an approximately 10-percentage point timing... More