===Nordstrom (JWN) reported earnings on Tue 23 Aug 22 (a/h)

 

Nordstrom beats by $0.01, beats on revs; lowers FY23 EPS below consensus, revs mostly below consensus

• Reports Q2 (Jul) earnings of $0.81 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.80; revenues rose 12.0% year/year to $4.09 bln vs the $3.97 bln S&P Capital IQ Consensus.
  • Anniversary Sale timing, with one week shifting from the third quarter to the second quarter, had a positive impact of approximately 200 basis points on net sales compared with 2021.
  • Gross profit, as a percentage of net sales, of 35.2 percent increased 65 basis points compared with the same period in fiscal 2021 primarily due to leverage on buying and occupancy costs, partially offset by higher markdown rates.
  • Ending inventory increased 9.9 percent compared with the same period in fiscal 2021, versus a 12.0 percent increase in sales.
• Co issues guidance for FY23, sees EPS of $2.30-2.60, excluding non-recurring items, vs. $3.12 S&P Capital IQ Consensus and prior guidance of $3.20-3.50; sees FY23 revs growth of 5-7%, which translates to ~$15.53-15.82 bln vs. $15.82 bln S&P Capital IQ Consensus and prior guidance of 6-8% growth.

Earnings this week : Aug 22 - 26, 22 (wk 34)

Monday (Aug 22)

• Afternoon: DLO NDSN PANW ZM

Tuesday (Aug 23)

• Morning: BNS BZUN DKS DOLE GDS SJM JD BEKE M MDT
• Afternoon:  AAP CAL INTU LZB JWN PYCR SCSC TOL URBN

Wednesday (Aug 24)

• Morning:  EAT DY IIVI WOOF RY
• Afternoon:  ADSK BOX GES NTAP NVDA CRM SNOW SPLK VSCO WSM ZUO

Thursday (Aug 25)

• Morning: ANF BURL CM COTY DG DLTR FRO HAIN HIBB LANC MBUU PTON TITN TD
• Afternoon:  AFRM DELL DOMO ESTC FTCH GPS MRVL SUMO ULTA VMW WDAY

Friday (Aug 26)  

• Morning:  JKS

This week's biggest % winners & losers: Aug 23 - 27, 21 (wk 34)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: GTS (35.46 +57.67%), DVAX (16.43 +36.48%), ADAP (5.12 +34.74%), LXRX (4.64 +33.72%), AUPH (18.05 +32.33%), KZR (7.03 +28.99%), ASND (154.03 +27.88%), FLXN (5.94 +26.92%)
• Materials: BVN (7.76 +26.1%)
• Consumer Discretionary: GME (201.95 +26.77%), DKS (137.26 +24.98%)
• Information Technology: PANW (460.75 +25.39%)
• Energy: KLXE (6.53 +42.58%), LPI (51.98 +37.33%), PBF (11.08 +32.32%), PVAC (21.15 +32.02%), NINE (2.34 +31.46%), CPE (34.35 +27.32%), SM (19.08 +25.03%)

This week's top % losers

• Healthcare: TBPH (8.2 -41.67%), STIM (6.78 -10.79%), INVA (14.73 -7.59%)
• Consumer Discretionary: JWN (29.63 -15.61%), RGS (5.83 -15.01%), OLLI (72.75 -12.03%), DLTR (91.05 -11.32%), BURL (312.31 -10.13%), PLCE (91.31 -8.33%), BIG (51.49 -8.17%), TAST (4.12 -8.04%), URBN (34.91 -7.67%), TAL (4.81 -6.24%), GPS (26.56 -6.07%), AZO (1552.63 -5.37%)
• Information Technology: ADSK (316.42 -5.37%)
• Financials: SQQQ (7.56 -6.73%)
• Consumer Staples: HAIN (36.16 -10.31%), SJM (123.41 -6%)

Nordstrom (JWN) reported earnings on Tue 24 Aug 21 (a/h)

 ** charts after earnings **

Earnings this week : Aug 23 - 27, 21 (wk 34)

• August 23rd: JD.com (NASDAQ:JD) and Palo Alto Networks (NYSE:PANW).

• Tuesday, August 24th: Best Buy (BBY), Intuit (NASDAQ:INTU), Nordstrom (NYSE:JWN), Toll Brothers (NYSE:TOL).

• Wednesday, August 25th: Dick's Sporting Goods (DKS), Box (NYSE:BOX), Salesforce.com (NYSE:CRM), Autodesk (NASDAQ:ADSK) and Snowflake (NYSE:SNOW).

• Thursday, August 26th: Dollar General (NYSE:DG), Dollar Tree (NASDAQ:DLTR), HP Inc. (HPQ), Workday (NASDAQ:WDAY), Dell Technologies (NYSE:DELL), Hello Group (NASDAQ:MOMO), Marvell (NASDAQ:MRVL), VMware (NYSE:VMW), Gap (NYSE:GPS) and Peloton Interactive (NASDAQ:PTON).

• Friday, August 27th: Big Lots (NYSE:BIG) and Hibbett (NASDAQ:HIBB).

-=Nordstrom (JWN) reported earnings on Tue 24 Nov 2020 (a/h)

 

The department store Nordstrom delivered a large surprise profit for its fiscal third quarter, boosting the stock even though sales were light.

Nordstrom (ticker:JWN) said it earned 34 cents a share, while revenue fell 16% to $3.1 billion.  Analysts were expecting the company to lose a nickel a share from revenue of $3.13 billion.

Digital sales increased 37% year over year to $1.6 billion, or 54% of the company’s total sales. At the company’s full-price stores, sales slipped 7%, while the Nordstrom Rack division notched a 32% decline.
Management said the off-price Rack segment continues to be the biggest source of new customers, and that it recently further integrated the unit’s inventory with its omnichannel platform, including expanding in-store pickup.

The results included Nordstrom’s Anniversary Sale, which is usually held in the summer but was delayed due to Covid-19. Excluding the benefit of the event, the company said that online sales increased by a percentage in the mid teens, roughly in line with the first half of the year. Full-price sales declined in the mid-20% range excluding the sale’s effects. Gross profits as a percentage of sales decreased by 1.5 percentage points, affected by the move in the Anniversary Sale’s timing and reduced sales volumes.

Earnings this week : November 23 - 27, 20 (wk 48)

 Monday (Nov 23)

• Morning:  BZUN KFY TWST WMG
• Afternoon: A AMBA CBT ENTA NTNX URBN

Tuesday (Nov 24)

• Morning: ANF AMWD ADI PLAN BBY BURL CHS SJM DKS DLTR DY EV HRL MDT TIF TITN
• Afternoon:  AEO ADSK DELL GPS HPQ JWN PSTG VMW

Wednesday (Nov 25)

• Morning:  DE FRO

Thursday (Nov 26)

• Holiday

Friday (Nov 27)  

• None

-=Nordstrom (JWN) reported earnings on Wed 21 Aug 2019 (a/h)

Nordstrom beats by $0.13, misses on revs; lowers high end of FY20 EPS, sees sales at low end of range

Reports Q2 (Jul) earnings of $0.90 per share, $0.13 better than the S&P Capital IQ Consensus of $0.77; revenues fell 4.8% year/year to $3.87 bln vs the $3.92 bln S&P Capital IQ Consensus. The Company's earnings beat expectations, resulting from strong inventory discipline as well as significant expense efficiencies across the Company. Inventory was down 6.5% over last year, positioning the Company well to re-balance its merchandise assortment with customer demand.

While the Company's bottom-line exceeded expectations, sales -5.1% were around the low end of its expected range.

In Full-Price, net sales decreased 6.5% compared with the same period in fiscal 2018. Off-Price net sales decreased 1.9 percent. Total company digital sales grew 4% and represented 30% of the business.

This reflected a challenging start to the quarter as well as softer performance for the Anniversary Sale and Off-Price business. However, Nordstrom saw positive outcomes from the execution of its loyalty and digital marketing programs. The Company is taking advantage of its strong inventory position to increase depth in key items and improve in-stock levels, applying learnings from its Anniversary Sale. The Off-Price business is amplifying its marketing efforts and making strategic inventory investments to fuel growth in the second half of the year. 

Gross profit, as a percentage of net sales, of 34.5 percent decreased 50 basis points compared with the same period in fiscal 2018.

Co issues in-line guidance for FY20, lowers EPS to $3.25-3.50, excluding non-recurring items, from $3.25-3.65 vs. $3.27 S&P Capital IQ Consensus, EBIT to $805-855 mln from $805-890 mln; lowers net sales to -2% from down 0-2%.

Earnings this week : Aug 19 - 23, 19 (wk 34)

Monday (Aug 19)

• Morning: EL  QIWI  SINA  WB
• Afternoon: BIDU FN IQ

Tuesday (Aug 20)
Morning: CMCM HD KSS MDT MSG PINC PLAB PPDF SDRL SE SFL TJX

• Afternoon: AMCR CREE JKHY LZB NDSN SCSC TOL URBN

Wednesday (Aug 21)

• Morning: ADI BZUN KLXE LOW MSGN PLCE   PDD  RY TGT VIOT
• Afternoon: HTHT JWN KEYS LB PSTG QADA SNPS  SPLK WUBA ZAYO

Thursday (Aug 22)

• Morning: BJ CM DKS FLWS FLY GSX  HMLP HRL TTC
• Afternoon: ATGE CRM GPS HPQ INTU ROST VMW

Friday (Aug 23) 

• Morning: BKE  FL HIBB

Notable earnings reports:

• Baidu (NASDAQ:BIDU) and Estee Lauder (NYSE:EL) on August 19; 
• Home Depot (HD), TJX Companies (NYSE:TJX), Toll Brothers (NYSE:TOL), Urban Outfitters (NASDAQ:URBN) and Kohl's (NYSE:KSS) on August 20; 
• Splunk (NASDAQ:SPLK), Target (NYSE:TGT), Nordstrom (NYSE:JWN), Lowe's (LOW) and Analog Devices (NASDAQ:ADI) on August 21; 
• Salesforce.com (NYSE:CRM), VMWare (NYSE:VMW), HP Inc. (NYSE:HPQ), Gap (NYSE:GPS) and Dick's Sporting Goods (NYSE:DKS) on August 22; 
• Foot Locker (NYSE:FL) on August 23.

-=Nordstrom (JWN) reported earnings on Tue 21 May 2019 (a/h)

Nordstrom misses by $0.20, misses on revs; lowers FY20 below consensus

• Reports Q1 (Apr) earnings of $0.23 per share, $0.20 worse than the S&P Capital IQ Consensus of $0.43; revenues fell 3.3% year/year to $3.44 bln vs the $3.56 bln S&P Capital IQ Consensus. Earnings before interest and taxes were $77 million, or 2.3 percent of net sales, compared with $153 million, or 4.4 percent of net sales, during the same period in fiscal 2018. The decrease was driven primarily by lower sales volume.
• In Full-Price, net sales decreased 5.1 percent compared with the same period in fiscal 2018. Off-Price net sales decreased 0.6 percent. Total company digital sales grew 7 percent and represented 31 percent of the business.
• Gross profit, as a percentage of net sales, of 33.5 percent decreased 60 basis points compared with the same period in fiscal 2018. This was primarily due to planned markdowns to realign inventory to sales trends and deleverage on occupancy expenses. Ending inventory decreased 5.3 percent from last year, reflecting a positive spread between inventory and sales
• Co issues downside guidance for FY20, lowers EPS to $3.25-3.65 from $3.65-3.90 vs. $3.73 S&P Capital IQ Consensus; lowers net sales to down 0-2% from up 1-2%; credit card rev low to mid single digit grwoth from mid to high single digit growth EBIT to $805-890 mln from $915-970 mln. 
• The Company's top-line results were impacted by three areas - loyalty, digital marketing and merchandise - which contributed to declines across its Full-Price and Off-Price businesses, in both stores and online.
• "While we expected softer trends from the fourth quarter to continue into the first quarter, we experienced a further deceleration. We had executional misses with our customers, and we're committed to better serving them. This is well within our control to turn around," said Erik Nordstrom, co-president, Nordstrom, Inc. "The strength of our inventory and expense execution helped mitigate a meaningful portion of our sales miss. We ended the quarter with inventories in solid shape, and our financial position remains strong. We're actively taking steps to drive our top-line, and we're focused on delivering on our financial goals." 
• As the Company approaches the end of its heavy generational investment cycle this year, these businesses - Nordstromrack.com/HauteLook, Trunk Club, Canada and New York City - continue to scale and are expected to contribute top-line growth and improved profitability for 2019.

Earnings this week : May 20 - 24, 19 (wk 21)

Monday (May 20)

• Morning: AZZ IGT PDD QD SPTN
• Afternoon: NDSN

Tuesday (May 21)

• Morning: AZO DAVA DY EV HD JCP KSS MNRO SFL TJX
• Afternoon: CRMT JWN OOMA PSTG SE SKY TOL URBN

Wednesday (May 22)

• Morning: AAP ADI CM CSWI LOW PLAB TGT VFC
• Afternoon: CPRT CTRP HTHT LB MOD NTAP SCVL SNPS VIPS

Thursday (May 23)

• Morning: BBY BJ BRC CTRN HRL MDT ROLL RY SDRL SINA TD TK TNK TTC VIOT WB WMS
• Afternoon: ADSK CVCO DECK DXC HPE HPQ INTU LGF.A ROST SPLK VSAT

Friday (May 24) 

• Morning: BKE FL HIBB

Earnings this week : November 12 - 16, 18 (wk 46)

Earnings confirmed to report this week:

Monday (Nov 12) 

• Morning: ACB ACM ATHM
• Afternoon:  APU EB EQH EXPI FOCS HUYA KRNT NVGS TDW UGI VERI YRD YY

Tuesday (Nov 13)

• Morning:   AAP ARMK BZH CAE DQ EPC EYE GDS HD TSN
• Afternoon:  AMRS CDLX CWK HI HOLI MTSI ORIG PETQ REZI SSTI SVMK SWCH TLRY VREX WIX

Wednesday (Nov 14)

• Morning:  APRN BPMP CGC CVIA GOOS LX M MTOR QIWI
• Afternoon: CPA CSCO NTAP NTES PRSP SFS VIPS WPM ZTO

Thursday (Nov 15)

• Morning: BERY BRC CSIQ CUB DDS ENR JCP LXFT MANU SPH SR TK TNK WMT WUBA
• Afternoon: AMAT CRMT DWCH ESE GLOB HTHT JWN MATW  NGVC  NVDA POST SCVL SONO WAIR WSM

Friday (Nov 16)

• Morning: HP FRO  VIAB

This week's biggest % winners & losers : Aug 13 - 17, 18 (wk 33)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: OMER (20.92 +17.99%), ATRS (3.39 +17.1%), OMI (15.89 +12.62%), MNK (34.69 +11.54%), CYH (3.41 +10.36%), RTRX (28.5 +9.91%)
• Industrials: NLSN (26.15 +19.03%), BGG (20.12 +17.04%), INWK (7.45 +10.21%)
• Consumer Discretionary: JWN (59.18 +12.55%), DLTH (28.33 +11.19%)
• Information Technology: CATM (37.17 +22.79%), GTT (38.95 +18.75%)
• Consumer Staples: ELF (11.67 +14.64%), SFS (7.05 +14.63%), AVP (2.04 +13.33%)
• Telecommunication Services: CBB (13 +12.55%)

This week's top 20 % losers

• Materials: GFI (2.49 -29.06%), VHI (3.83 -23.86%), AG (5.25 -18.98%), SBGL (2.1 -17.65%), IAG (4.13 -16.23%), AU (7.24 -15.32%), SAND (3.58 -15.17%)
• Consumer Discretionary: SHLD (1.32 -31.15%), JCP (1.79 -26.03%), VIPS (7.15 -21.77%)
• Information Technology: JKS (12.23 -22.79%)
• Financials: SUPV (9.39 -15.1%)
• Energy: CRC (29.27 -16.35%), SN (2.45 -15.52%), EPE (1.43 -15.38%), TUSK (32.47 -15.07%), RIG (10.76 -14.33%)
• Consumer Staples: SPTN (19.89 -15.65%)

-=Nordstrom (JWN) reported earnings on Thur 16 Aug 2018 (a/h)

SEATTLE (AP) -- Upscale department store chain Nordstrom Inc. reported a 47 percent jump in second-quarter earnings on solid sales growth, and it raised its profit outlook for the year.

The Seattle-based company said Thursday it earned $162 million, or 95 cents per share, in the quarter that ended Aug. 4. That's up from $110 million, or 65 cents per share, a year ago.

The results topped the 83 cents per share that analysts surveyed by Zacks Investment Research expected.

Nordstrom's stock was up almost 8 percent in after-hours trading following the release of the earnings report.

The department store operator posted revenue of $4.07 billion in the latest quarter, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.99 billion.

Department store companies have been under pressure because more people are shopping online or at discount retailers. Nordstrom said 34 percent of its sales came through digital channels in the quarter, up from 29 percent a year ago.

Nordstrom said it now expects full-year earnings to be $3.50 to $3.65 per share, with revenue in the range of $15.4 billion to $15.5 billion. Previously it had predicted earnings between $3.35 and $3.55 and revenue between $15.2 billion and $15.4 billion.

In its full-price division, which consists of Nordstrom U.S. full-scale stores, Nordstrom.com, Trunk Club, revenue at stores open at least a year rose 4.1 percent. The top merchandise categories were children's clothes and beauty.

In the off-price sector, which consists of Nordstrom U.S. Rack stores, Nordstromrack.com/HauteLook and Last Chance clearance stores, comparable sales increased 4 percent.

Earnings this week : Aug 13 - 17, 18 (wk 33)

Earnings confirmed to report this week:

Monday (August 13)

• Morning: CNNE  JKS  SYY TSG  
• Afternoon: AG  HUYA  SWCH TDW VERI  VIPS YY 

Tuesday (Aug 14)

• Morning: AAP ARRY BZUN CAE CDK CSIQ  CVIA EAT EYE GDS HD MMYT TPR 
• Afternoon: A CASA CDLX CGC CREE DDS FENG HOLI MYGN PETQ VIAV  WPM

Wednesday (Aug 15)

• Morning: LXFT M MSGN  PFGC
• Afternoon: BGG CACI CSCO NTAP SPTN

Thursday (Aug 16)

• Morning: DESP JCP JD MSG QIWI WMT   WUBA
• Afternoon: AMAT ATGE  JWN  NVDA  ZOES

Friday (Aug 17)

• Morning: DE

=Nordstrom (JWN) reported earnings on Thur 17 May 18 (a/h)

Nordstrom beats by $0.06, beats on revs; raises low end of profit forecast, in-line; reaffirms FY19 rev and comp guidance 

• Reports Q1 (Apr) earnings of $0.51 per share, $0.06 better than the Capital IQ Consensus of $0.45; revenues rose 5.8% year/year to $3.47 bln vs the $3.39 bln Capital IQ Consensus. Comps +0.6% vs. +1.2% ests.
  • Full-price comparable sales increased 0.7 percent. The top-ranking merchandise categories were Kids' Apparel and Men's Apparel.
  • Off-price comparable sales increased 0.4 percent.
  • Gross profit, as a percentage of net sales, of 34.1 percent decreased 21 basis points compared with the same period in fiscal 2017. This reflected higher occupancy expenses related to U.S. and Canada Rack openings in addition to planned pre-opening expenses associated with the Nordstrom Men's Store NYC.
• Co issues guidance for FY19, sees EPS of $3.35-3.55 from $3.30-3.55 vs. $3.44 Capital IQ Consensus, raises EBIT to $895-940 mln from $885-940 mln; reaffirms FY19 revs of $15.2-15.4 bln vs. $15.7 bln Capital IQ Consensus Estimate; comps +0.5-1.5%

Earnings this week : May 14 - 18, 18 (wk 20)

Monday (May 14)

• Pre-Market: MZOR
• After-Hours: A, INVH, HTHT, VIPS, RXN, ITRI, MIME, ALTR, HOLI, TDW, SWCH, FENG, AMRS

Tuesday (May 15)

• Pre-Market: HD, EXP, VRTU, EYE
• After-Hours: BOOT, PETQ

Wednesday (May 16)

• Pre-Market: M, CSIQ
• After-Hours: CSCO, NTES, FLO, TTWO, ACXM, JACK

Thursday (May 17)

• Pre-Market: WMT, JCP, BXUN, PLCE, KEM, TK, MANU, TNK
• After-Hours: JWN, AMAT, OEC

Friday (May 18)

• Pre-Market: AZN, AINV, DE

=M.A.C. will be sold at Nordstrom Rack

M.A.C. cosmetics will soon be available at Nordstrom Rack, a first for the discount retailer as it previously did not carry any other cosmetic lines. The agreement will allow M.A.C. to move its discounted or soon-to-be-discounted products off of valuable counter space and on to the lower priced retailer’s shelves.


M.A.C., which is owned by the Estée Lauder group,  has sold its products at Nordstrom for years, but now the makeup brand is expanding its partnership with the department store chain. Some of its products will be available at the company’s chain of discount stores, Nordstrom Rack. The retailer is expected to sell M.A.C. products at 20 to 55 percent off full-price.

Nordstrom Rack will carry M.A.C. products that have been discounted or are about to be discontinued from the line, allowing more space for new collections and top-selling products at M.A.C.’s existing makeup counters.

M.A.C., whose prices fall into the mid to high-end range, also began selling its products at affordable beauty retailer Ulta in May of this year. Ulta is known for carrying a mix of drugstore lines such as Nyx and high-end brands like Tarte and Too Faced.

Nordstrom opened its first Nordstrom Rack store in 1973 and the company now operates 113 of the discount retailers. Nordstrom Rack also shares an e-commerce platform with Nordstrom’s flash sale brand, Hautelook.

=Nordstrom (JWN) to be taken private?

Nordstrom family explores taking retailer private

(Reuters) - Department store operator Nordstrom Inc (JWN) said on Thursday that some members of the controlling Nordstrom family have formed a group to consider taking the company private.

Nordstrom, however, said the group, which includes Chairman Emeritus Bruce Nordstrom, President James Nordstrom and co-Presidents Blake, Peter and Erik Nordstrom - had not made a formal proposal yet.

Nordstrom, like other department stores, has reported weak sales in recent quarters as the industry struggles with a slump in demand for apparel and a shift to online shopping.

The company's board has formed a special committee of independent directors to explore the possibility of any transaction that could be made by the group, which owns 31.25 percent of the company's shares.

The committee said it had entered into an agreement with the members of the Nordstrom family over some standstill provisions that would prevent members of group from taking certain actions until Jan 31, 2019.

This week's biggest % winners & losers : May 8 - 12, 17 (week 19)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: MNKD (1.13 +41.75%), NK (3.99 +36.18%), VRX (13.59 +34.96%), NVAX (1 +34.52%), IPXL (17.55 +32.95%), INCR (55.15 +30.07%), TDOC (29.45 +26.94%), SGRY (21.6 +21.69%), LNTH (16.53 +21.51%), ITCI (11.26 +20.37%)
• Consumer Discretionary: PETS (34.17 +41.08%), SPWH (5.17 +25.36%),
• Information Technology: LPSN (9.9 +30.26%), DDD (21.79 +28.1%), NVDA (127.92 +23.17%), PEGA (55.83 +21.62%), HDP (13.41 +20.27%)
• Energy: CLMT (4.65 +19.23%)
• Telecommunication Services: GSAT (2.29 +28.65%)
• Utilities: CPN (12.38 +23.55%)

This week's top 20 % losers

• Healthcare: ARDX (7.43 -41.3%), HZNP (10.19 -34.6%), NXTM (22.01 -19.93%), NVRO (74.06 -18.41%)
• Industrials: HTZ (10.51 -29.84%), CBI (23.04 -21.37%), TGI (19.8 -20.16%), CECE (9.78 -16.05%)
• Consumer Discretionary: FOSL (13.14 -24.03%), ASNA (2.99 -21.24%), DDS (46.93 -18.51%), M (23.61 -18.5%), JCP (4.55 -17.12%), JWN (41.2 -15.94%)
• Financials: ONDK (3.75 -19.18%), MCC (6.19 -18.77%)
• Energy: TESO (4.95 -21.43%), NVGS (8.9 -19.46%)
• Telecommunication Services: NIHD (0.37 -21.64%), FTR (1.21 -17.47%)