Nordstrom (JWN) Fiscal 2Q18 Results: Company Beats Expectations and Raises Guidance

Executive Summary

• Nordstrom reported fiscal 2Q18 revenues of $4.07 billion, up 7.2% year over year and above the consensus estimate of $3.90 billion. Diluted EPS was $0.95, up 46.2%% from the year-ago quarter and above the consensus estimate of $0.84.
• Nordstrom reported fiscal 2Q18 revenues of $4.07 billion, up 7.2% year over year and above the consensus estimate of $3.90 billion. Diluted EPS was $0.95, up 46.2%% from the year-ago quarter and above the consensus estimate of $0.84.
• Nordstrom raised its full-year earnings guidance per share and now expects adjusted EPS of $3.50–$3.65, compared to the consensus estimate of $3.44, up from the previous guidance, $3.35–$3.55. For the full year, the company expects total net sales to be $15.40–$15.50 billion, an increase from $15.20–$15.40 billion. The consensus estimate is $15.74 billion.