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Nordstrom (JWN) 4Q17 Results: Light Quarter, Company Issues Mixed Guidance

Executive Summary

  • Nordstrom reported 4Q17 revenues of $4.70 billion, up 9.3% year over year and slightly above the $4.62 billion consensus estimate.
  • Adjusted EPS was $1.20, missing the consensus estimate of $1.24. Comps increased by 2.6%, ahead of the consensus of 1.0%.
  • During FY17, Nordstrom experienced significant growth in its customer base and loyalty program. Customer numbers were up 4%, to 33 million.

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