Nordstrom (JWN) Tops Q2 EPS by 36c; reaffirms

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Go back to Nordstrom (JWN) Tops Q2 EPS by 36c; reaffirms

Nordstrom (JWN) shares slide after revenue disappoints

August 25, 2023 8:40 AM EDT

Nordstrom (NYSE: JWN) shares are down premarket Friday after missing second-quarter sales expectations.

Revenue for the quarter came in at $3.62 billion, below the consensus estimate of $3.68 billion. In addition, net sales decreased 8.3% versus the same period in fiscal 2022. However, the company reported earnings of $0.81 per share, $0.36 better than the analyst estimate of $0.45.

JWN shares are down around 1% premarket, adding to its more than % decline on Thursday.

"We've worked hard to improve our operating model, and our... More