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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Market Outlook: UK Department Stores—Slimmed Down and Shaping UpChina’s Quick Commerce Market: Competitive Landscape and Emerging Trends Point to GrowthWeekly US and UK Store Openings and Closures Tracker 2023, Week 52: US Store Openings Pass 5,500Weekly US and UK Store Openings and Closures Tracker 2024, Week 27: Walgreens Boots Alliance and Bob’s Stores To Close Stores in the US
