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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Innovator Profile: Nectar Social—Elevating Consumer Engagement Through Agentic Social CommerceThree Data Points We’re Watching This Week, Week 7: Consumer Sentiment FocusUS Forecast To See Multibillion-Dollar Hit from Falling International Visitor Spend: Another Retail HeadwindMass Merchandiser and Warehouse Club Shopping in Focus—Walmart Leads; High Purchase Rates for Daily Essentials: US Consumer Survey Insights
