Nordstrom Stock Jumps Amid Strong Earnings, Rack Sales
JWNNordstrom(JWN) Investopedia·2024-08-28 23:10

KEY TAKEAWAYSNordstrom shares jumped Wednesday, a day after posting better-than-estimated adjusted EPS of 96 cents on revenue of $3.89 billion.The department store operator reported a nearly 9% year-over-year sales gain at its Nordstrom Rack discount chain.Nordstrom also said its comparable store sales would be in a range of flat to 2% growth from fiscal 2023, compared with its previous projection of a 1% decline to 2% growth. Nordstrom (JWN) shares jumped Wednesday, a day after posting better-than-expected ...