Nordstrom Reaffirms FY24 Outlook; Sees EPS Of $1.65

Nordstrom Reaffirms FY24 Outlook; Sees EPS Of $1.65 - $2.05, Est $1.79

-0.44% Post

Nordstrom, Inc.

JWN

22.40

22.43

-0.44%

+0.13% Post

The Company reaffirmed its financial outlook for fiscal 2024:

Revenue range, including retail sales and credit card revenues, of 2.0 percent decline to 1.0 percent growth versus the 53-week fiscal 2023, which includes an approximately 135 basis point unfavorable impact from the 53rd week
Comparable sales range of 1.0 percent decline to 2.0 percent growth versus 52 weeks in fiscal 2023
EBIT margin of 3.5 to 4.0 percent of sales
Earnings per share ("EPS") of $1.65 to $2.05, excluding the impact of share repurchase activity, if any

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