Company Earnings Update 2 minutesRegister for Free AccessNordstrom (JWN) 3Q16 Results: Results Exceed Expectations in 3Q Coresight Research November 11, 2016 Executive Summary Nordstrom reported adjusted 3Q16 EPS of $0.84, ahead of the $0.52 consensus estimate, but down 52.5% year over year. Revenues were $3.54 billion, up 7.2% year over year and above the consensus estimate. Off-price apparel was the strongest category in the quarter, with net sales from Nordstrom Rack stores and Nordstromrack.com/HauteLook.com increasing by 10.1%. Comparable sales in the category increased by 3.9%. For fiscal year 2016, the company updated its sales guidance to 3.5% and its guidance for adjusted earnings per diluted share to $2.85–$2.95 to incorporate the upside from the third quarter. 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: Earnings Insights 1Q23, Week 6: Five Below, Lululemon and PVH Post Strong Results; Capri Holdings, Macy’s and Nordstrom See Sales DeclineAugust 2023 US Retail Sales: Consistent Consumer Spending Drives Moderate Sales GrowthMay 2023 US Retail Sales: Resilient Consumers Drive Retail Sales GrowthSingles’ Day 2023 Performance: Positive Reports from Major E-Commerce Platforms
