Nordstrom revenue stuck behind pre-pandemic levels, shares drop
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Nordstrom (JWN) Plunges on Disappointing Sales Growth, JPMorgan Downgrades to 'Underweight' on Relative Underperformance
August 25, 2021 6:14 AM EDTShares of Nordstrom (NYSE: JWN) are down almost 8% in pre-open Wednesday after the company presented its Q2 results.
JWN reported Q2 EPS of $0.49 to easily top the analyst consensus of $0.28. Revenue for the quarter came in at $3.66 billion versus the consensus estimate of $3.31 million.
Our second quarter results demonstrate the strength of our two brands, the power of our closer to you strategy and the success of our iconic Anniversary Sale, said Erik Nordstrom, chief executive officer of Nordstrom, Inc.
We capitalized on improving customer demand with focused execution, healthy inventory sell-through and continued... More
