Nordstrom stock jumps as earnings beat estimates, sales fall less than feared

Nordstrom's stock rose 6% after beating earnings and same-store sales estimates, despite reporting an 8.3% drop in sales attributed to the timing of its Anniversary Sale and the wind-down of its Canadian operations.

yahoo.com

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Posted 8/24/2023, 8:23:55 PM

Nordstrom stock jumps as earnings beat estimates, sales fall less than feared

yahoo.com

Relevant topic timeline:

8/24/2023

Nordstrom tops Wall Street’s quarterly expectations, even as it braces for sales declines

Nordstrom exceeds sales and earnings expectations but maintains caution for the future, as revenue is expected to decline and the company faces challenges in its turnaround efforts.

8/24/2023

Stocks making the biggest moves after hours: Affirm, Gap, Marvell and more

8/24/2023

Nordstrom's results reflect cautious consumer spending, echoing department store sector blues

Nordstrom reports a decline in sales and profits in its fiscal second quarter, reflecting cautious spending by shoppers.

8/24/2023

Nordstrom stock reverses gains as execs warn about 'historic' retail theft

8/25/2023

Nordstrom Shares Tumble After Reporting Sales Drop and Record Theft

Nordstrom shares plummeted over 10% as the retailer reported a sales drop, citing a decline in discretionary spending and record levels of retail theft.

9/7/2023

Novo Nordisk Stock Jumps as JPMorgan Boosts Price Target on Obesity Drug Growth Outlook