Nordstrom easily beats earnings estimates, but issues cautious guidance
JWNNordstrom(JWN) CNBC·2024-08-28 04:05

Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher than expected, it issued tepid guidance for the full year. Nordstrom now expects adjusted earnings per share to be between 1.75and1.75 and 2.05, compared to a previous range of 1.65to1.65 to 2.05. It anticipates sales will be in a range of a 1% decline ...