Nordstrom Q4 comparable sales beat expectations, CFO departs
Nordstrom Credits: Nordstrom Inc. Departmental store chain Nordstrom outperformed Wall Street's projections for quarterly comparable sales, achieving a 4.7 percent increase, with Nordstrom banner sales rising 5.3 percent and Nordstrom Rack sales up 3.5 percent. The company reported fourth-quarter net earnings of 165 million dollars or 97 cents per diluted share, alongside EBIT of 273 million dollars and adjusted EPS of 1.10 dollars. Pete Nordstrom, president of Nordstrom, attributed the strong results to the team's swift response to the holiday environment. Nordstrom's Q4 update and CFO departure However, net sales for the quarter dipped 2.1 percent to 4.20 billion dollars, with Nordstrom banner net sales down 3.7 percent and Nordstrom Rack net sales up 1.2 percent. A quarterly cash dividend of 19 cents per share, payable on March 26, 2025, was also declared. Amidst other company news, Nordstrom disclosed that CFO Cathy Smith is leaving after two years to become CFO at Starbucks Nordstrom posts strong full year trading For the full fiscal year ending February 1, 2025, Nordstrom's net earnings reached 294 million dollars or 1.74 dollars per share, with EBIT at 593 million dollars and adjusted EPS was 2.17 dollars. Full-year revenue, including retail and credit card, grew 2.2 percent, and comparable sales increased 3.6 percent. Nordstrom banner comparable sales rose 3 percent, while Nordstrom Rack comparable sales climbed 4.7 percent. CEO Erik Nordstrom emphasised the company's success in maintaining momentum throughout the year, resulting in sales and profitability meeting the upper end of expectations.
Departmental store chain Nordstrom outperformed Wall Street's projections for quarterly comparable sales, achieving a 4.7 percent increase, with Nordstrom banner sales rising 5.3 percent and Nordstrom Rack sales up 3.5 percent.
The company reported fourth-quarter net earnings of 165 million dollars or 97 cents per diluted share, alongside EBIT of 273 million dollars and adjusted EPS of 1.10 dollars.
Pete Nordstrom, president of Nordstrom, attributed the strong results to the team's swift response to the holiday environment.
Nordstrom's Q4 update and CFO departure
However, net sales for the quarter dipped 2.1 percent to 4.20 billion dollars, with Nordstrom banner net sales down 3.7 percent and Nordstrom Rack net sales up 1.2 percent.
A quarterly cash dividend of 19 cents per share, payable on March 26, 2025, was also declared.
Amidst other company news, Nordstrom disclosed that CFO Cathy Smith is leaving after two years to become CFO at Starbucks
Nordstrom posts strong full year trading
For the full fiscal year ending February 1, 2025, Nordstrom's net earnings reached 294 million dollars or 1.74 dollars per share, with EBIT at 593 million dollars and adjusted EPS was 2.17 dollars.
Full-year revenue, including retail and credit card, grew 2.2 percent, and comparable sales increased 3.6 percent. Nordstrom banner comparable sales rose 3 percent, while Nordstrom Rack comparable sales climbed 4.7 percent.
CEO Erik Nordstrom emphasised the company's success in maintaining momentum throughout the year, resulting in sales and profitability meeting the upper end of expectations.
