Nordstrom (JWN) Tops Q3 EPS by 40c

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Go back to Nordstrom (JWN) Tops Q3 EPS by 40c

Nordstrom Reports Third Quarter 2020 Earnings

November 24, 2020 4:05 PM EST

SEATTLE, Nov. 24, 2020 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported third quarter results, which reflected sequential improvement in sales and earnings relative to the prior quarter. The Company generated earnings before interest and taxes (EBIT) of more than $100 million, supported by improved merchandise margin trends and benefits from resetting its cost structure. Earnings per diluted share of $0.34 included an income tax benefit of $0.12 related to the CARES Act.

For the third quarter ended October 31, 2020, net sales decreased 16 percent from last year and included a positive impact of... More