Company Earnings Update 3 minutesRegister for Free AccessNordstrom (JWN) 4Q16 Results: Solid EPS, Guides Down for FY17 Coresight Research February 24, 2017 Executive Summary Nordstrom reported 4Q16 adjusted EPS of $1.37, versus $1.00 in the year-ago quarter and beating the consensus estimate of $1.15. The figure includes a $0.10 nonoperational gain. Revenues were $4.32 billion, up 2.9% year over year and slightly below the consensus estimate. Net sales (excluding credit card revenues) increased by 2.4% and comps decreased by 0.9%. Net sales for the Nordstrom brand (combined with Trunk Club) decreased by 1.1% and comps decreased by 2.7%. FY17 guidance was for a 3%–4% revenue increase, flat comps and EPS of $2.75–$3.00, below the $3.07 consensus estimate. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 42: Global FocusUS Store Tracker Extra, July 2023: Closures by Christmas Tree Shops Push Total Closed Space to 68 Million Square FeetWeekly US and UK Store Openings and Closures Tracker 2023, Week 23: US Closures Up 61%Earnings Insights 4Q23, Week 5: Bath & Body Works, TJX Companies and Urban Outfitters See Sales Growth; Best Buy, Lowe’s and Others See Sales Decline
