US’ Nordstrom shines in FY24 with $15 bn revenue & soaring profits
Nordstrom Inc has reported revenues of $15.02 billion in FY24, with net sales at $14.56 billion and earnings surging to $294 million. EBIT more than doubled to $495 million, driven by cost savings from the Canada wind-down. Digital sales made up 36 per cent of total sales. In Q4, net sales fell 2.1 per cent, while comparable sales rose 4.7 per cent. CFO Cathy Smith announced her departure from the firm.
Nordstrom Inc has reported revenues of $15.02 billion in FY24, with net sales at $14.56 billion and earnings surging to $294 million.
EBIT more than doubled to $495 million, driven by cost savings from the Canada wind-down.
Digital sales made up 36 per cent of total sales.
In Q4, net sales fell 2.1 per cent, while comparable sales rose 4.7 per cent.
CFO Cathy Smith announced her departure from the firm.
