Nordstrom showed strong performance in inventory management and profitability improvements, especially in the Rack and supply chain areas. However, challenges persist with declining net sales and digital sales, and increased SG&A costs. Overall, the sentiment leans towards balanced as the company navigates macroeconomic headwinds while focusing on strategic priorities.

Company Guidance

In the Nordstrom Third Quarter 2023 Earnings Call, the company provided guidance and key metrics for the period. Revenue for the third quarter was reported at $3.3 billion, with earnings per share of $0.41 and adjusted earnings per share of $0.25. Nordstrom highlighted a 9% reduction in total inventory, resulting in a positive sales to inventory spread and a 180 basis points increase in gross margin. The company also achieved a 50 basis points reduction in variable supply chain costs in Q3, continuing their focus on optimizing supply chain capabilities. The Nordstrom Rack segment showed promising growth, with the opening of 11 new Rack stores and the digital Rack channel becoming profitable on a year-to-date basis. For the full year, Nordstrom maintained its revenue guidance, expecting a 4% to 6% decline versus 2022, with a negative impact of 2.5 percentage points from the wind-down of Canadian operations and a positive impact of 1.3 percentage points from the 53rd week in fiscal 2023. Adjusted EBIT margin for the full year is anticipated to range from 3.8% to 4.1%, with adjusted earnings per share expected to be between $1.90 and $2.10.

Revenue and EPS Growth

Nordstrom delivered revenue of $3.3 billion, with earnings per share of $0.41 and adjusted earnings per share of $0.25, showing profit growth despite lower sales.

Inventory Management Success

Total inventory was down 9% leading to a positive sales to inventory spread, with a 180 basis point expansion in gross margin.

Nordstrom Rack Expansion

Nordstrom Rack opened 11 new stores in Q3, becoming a significant source of new customer acquisition with returns exceeding costs.

Digital Channel Profitability

The Rack digital channel is now profitable on a year-to-date basis, expected to continue for the full year.

Supply Chain Optimization

Achieved a 50 basis point reduction in variable supply chain costs in Q3, marking the seventh consecutive quarter of improvement.

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Nordstrom (JWN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JWN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2025	2024 (Q4)	0.91 / -	0.96	―	―	―
Nov 26, 2024	2024 (Q3)	0.22 / 0.33	0.25	32.00% (+0.08)
Aug 27, 2024	2024 (Q2)	0.71 / 0.96	0.84	14.29% (+0.12)
May 30, 2024	2024 (Q1)	-0.08 / -0.24	0.07	-442.86% (-0.31)
Mar 05, 2024	2023 (Q4)	0.89 / 0.96	0.74	29.73% (+0.22)
Nov 21, 2023	2023 (Q3)	0.12 / 0.25	0.2	25.00% (+0.05)
Aug 24, 2023	2023 (Q2)	0.45 / 0.84	0.81	3.70% (+0.03)
May 31, 2023	2023 (Q1)	-0.10 / 0.07	-0.06	216.67% (+0.13)
Mar 02, 2023	2022 (Q4)	0.67 / 0.74	1.23	-39.84% (-0.49)
Nov 22, 2022	2022 (Q3)	0.15 / 0.20	0.39	-48.72% (-0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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JWN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 26, 2024	$24.42	$22.43	-8.15%
Aug 27, 2024	$20.79	$21.66	+4.18%
May 30, 2024	$20.51	$21.55	+5.07%
Mar 05, 2024	$20.15	$16.91	-16.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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