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.