Nordstrom (JWN) authorizes new $500 million share repurchase program

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Nordstrom Reports First Quarter 2022 Earnings

May 24, 2022 4:05 PM EDT

Total Company sales increase 19 percentBoth Nordstrom and Nordstrom Rack banners post double-digit sales growthBoard of directors authorizes new $500 million share repurchase program

SEATTLE, May 24, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported first quarter net earnings of $20 million and earnings per diluted share ("EPS") of $0.13 for the quarter ended April 30, 2022. Excluding a gain on the sale of the Company's interest in a corporate office building and an impairment charge... More