Company Earnings UpdateNordstrom (JWN) 3Q17 Results: Misses on Comps, Narrows FY17 Earnings Guidance Coresight Research November 10, 2017 Executive Summary Nordstrom reported 3Q17 EPS of $0.67, ahead of the $0.63 consensus estimate and compared with a loss of $0.06 in the year-ago quarter. Revenues were $3.63 billion, up 2.5% year over year and slightly above the $3.58 billion consensus estimate. Comps declined by 0.9%, missing the consensus estimate of a 0.3% decline. Comps for Nordstrom full-line stores declined by 4.9%, while comps for Nordstrom.com were up 7.5%. The company reiterated its full-year guidance of 4% net sales growth and flat comps, but narrowed its EPS guidance downward to $2.85–$2.95 from $$2.85–$3.00 previously. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Constrained Consumers Could Soon “Get to the Goods” Again—Evolving In-Store Loss Prevention, with John HarmonUS Back to School 2025, Part 1: Early Shopping, Tariff Worries and Strategic Choices Shape BTS 2025Three Data Points We’re Watching This Week, Week 17: US Retail and Consumer LatestAnalyst Corner: The Shifting “Friction Gap” Between Stores and E-Commerce Is Benefitting Digital Channels, with John Mercer
