Nordstrom backs FY24 adjusted EPS view $1.75-$2.05, consensus $1.90

Revises FY24 revenue range, including retail sales and credit card revenues, of flat to 1.0 percent growth versus the 53-week fiscal 2023, which includes an approximately 135 basis point unfavorable impact from the 53rd week. Prior view was FY24 revenue range, including retail sales and credit card revenues, of 1.0 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. FY24 consensus $14.84B. Sees FY24 SSS growth 1%-2% vs. prior view of flat to 2.0% growth.