Nordstrom (JWN) Q1 Revenue Tops Consensus, Offers Outlook
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Nordstrom Reports First Quarter 2021 Earnings
May 25, 2021 4:05 PM EDTSEATTLE, May 25, 2021 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported first quarter results, which reflected continued recovery and year-over-year improvement in sales and earnings relative to the same period in fiscal 2020. The Company reported a loss before interest and taxes of $85 million, supported by improved sales trends and continued benefits from resetting its cost structure. Loss per diluted share of $1.05 included a debt refinancing charge of $0.41 per share.
For the first quarter ended May 1, 2021, net sales increased 44 percent from the same period in fiscal 2020 and decreased 13 percent from the same period in... More
