** charts before earnings **
** charts after earnings **
Nordstrom beats by $0.19, reports revs in-line; reaffirms FY18 EPS guidance:
- Reports Q1 (Apr) earnings of $0.46 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus of $0.27; revenues rose 2.7% year/year to $3.28 bln vs the $3.29 bln Capital IQ Consensus.
- Online sales were 24 percent of total net sales, driven by 11 percent growth at Nordstrom.com and 19 percent at Nordstromrack.com/HauteLook.
- Total Company comparable sales for the first quarter decreased 0.8 percent.
- Retail gross profit, as a percentage of net sales, of 34.3 percent increased 7 basis points compared with the same period in fiscal 2016. This reflected improved gross margin performance in the full-price business, partially offset by increased markdowns in the off-price business. Ending inventory growth of 1.6 percent was in-line with net sales growth of 2.7 percent.
- Return on invested capital for the 12 fiscal months ended April 29, 2017 was 8.7 percent compared with 10.0 percent in the prior 12-month period. Results for the current period were negatively impacted by approximately 320 basis points due to the Trunk Club non-cash goodwill impairment charge in the third quarter of 2016.
- Co reaffirms guidance for FY18, sees EPS of $2.75-3.00 vs. $2.93 Capital IQ Consensus Estimate; Reaffirms sales growth of 3-4%.
- Reaffirms Comp Store Sales approx flat.
- Retail EBIT in the range of $780-840 mln.
- Credit EBIT of approx $40 mln.
No comments:
Post a Comment