Nordstrom (JWN) reported earnings Thur 12 Nov 2015 (a/h)

** charts before earnings **

** charts after earnings **

 Nordstrom misses by $0.15, misses on revs; lowers FY16 guidance :

• Reports Q3 (Oct) earnings of $0.57 per share, excluding non-recurring items, $0.15 worse than the Capital IQ Consensus of $0.72; revenues rose 6.5% year/year to $3.24 bln vs the $3.29 bln Capital IQ Consensus. 
• The Company's third quarter performance was below Company expectations, reflecting softer sales trends that were generally consistent across channels and merchandise categories.
• Comparable sales for the third quarter increased 0.9%.
  • Nordstrom comparable sales, which consist of full-line stores and Nordstrom.com, increased 0.3%. The top-performing merchandise category was Cosmetics. In addition, coats, younger customer-focused departments and dresses continued to reflect strength in Women's Apparel; full line -1.9% comps -2.2%; online +11%
  • Net sales in the off-price business increased 12% compared with the same period last year.
    • Nordstrom Rack net sales of $0.9 billion increased 8.4% while comparable sales decreased 2.2%, compared with the same period in fiscal 2014.
    • Nordstromrack.com/HauteLook net sales increased 39%, continuing to outperform expectations.