Nordstrom : Free Post Earnings Research Report: Nordstromís Sales Jumped 5.8%; EPS Surged 37.8%
Stock Monitor: Abercrombie & Fitch Post Earnings Reporting
LONDON, UK / ACCESSWIRE / June 14, 2018 / If you want access to our free earnings report on Nordstrom, Inc. (NYSE: JWN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JWN. The Company reported its first quarter fiscal 2018 operating and financial results on May 08, 2018. The department store chain outperformed top- and bottom-line expectations. Additionally, the Company updated its guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Abercrombie & Fitch Co. (NYSE: ANF), which also belongs to the Services sector as the Company Nordstrom. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Nordstrom most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the first quarter ended May 05, 2018, Nordstrom's net sales increased 5.8% to $3.56 billion compared to $3.35 billion in the quarter ended April 29, 2017. This reflected an increase of approximately 250 basis points (bps), primarily due to the shift of a Nordstrom Rewards loyalty event into Q1 2018 relative to Q2 2017. The Company's revenue numbers beat analysts' estimates of $3.47 billion.
For Q1 2018, Nordstrom's comparable sales increased 0.6% on a y-o-y basis. The Company's sales from Nordstrom Rewards customers represented 53% of the total sales in the reported quarter compared to 47% in the year ago same period. For Q1 2018, Nordstrom increased sales enabled through digital capabilities by 18% on a y-o-y basis. Digitally-enabled sales represented 29% of the total sales in the reported quarter, up from 25% in Q1 2017.
During Q1 2018, Nordstrom's gross profit as a percentage of net sales was 34.1%, decreasing 21 bps versus the year ago comparable period. This reflected higher occupancy expenses related to the US and Canada Rack openings, in addition to planned pre-opening expenses associated with the Nordstrom Men's Store NYC.
Nordstrom's earnings before interest and taxes (EBIT) were $153 million, or 4.4% of net sales, in Q1 2018 compared to $151 million, or 4.6% of net sales, in Q1 2017.
For Q1 2018, Nordstrom reported earnings of $87 million, or $0.51 per diluted share, compared to $63 million, or $0.37 per diluted share, in Q1 2017. The Company's results for Q1 2017 included an interest expense charge of $18 million, or $0.06 per share, related to a debt refinancing. Nordstrom's earnings exceeded Wall Street's estimates of $0.42 per share.
As of May 05, 2018, Nordstrom's cash and cash equivalents totaled $966 million compared to $1.18 billion as of February 03, 2018.
During Q1 2018, Nordstrom repurchased 0.3 million shares of its common stock for $13 million. A total capacity of $401 million remained available under its existing share repurchase board authorization.
To date in FY18, Nordstrom opened eight stores and closed one store.
For the full fiscal year 2018, Nordstrom is forecasting net sales to be in the range of $15.2 billion to $15.4 billion. The Company is expecting EBIT to be in the band of $895 million to $940 million, and earnings per share to be in the range of $3.35 to $3.55.
Stock Performance Snapshot
June 13, 2018 - At Wednesday's closing bell, Nordstrom's stock declined 2.72%, ending the trading session at $51.49.
Volume traded for the day: 2.02 million shares, which was above the 3-month average volume of 1.96 million shares.
Stock performance in the last month ? up 4.40%; previous three-month period ? up 4.06%; past twelve-month period ? up 11.02%; and year-to-date ? up 8.67%
After yesterday's close, Nordstrom's market cap was at $8.54 billion.
Price to Earnings (P/E) ratio was at 17.28.
The stock has a dividend yield of 2.87%.
The stock is part of the Services sector, categorized under the Apparel Stores industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFAģ charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia