Company Earnings UpdateNordstrom (NYSE: JWN) 1Q19 Results: Company Misses Expectations and Lowers Guidance Coresight Research May 30, 2019 Executive Summary Nordstrom reported 1Q19 revenues of $3.3 billion, down 3.5% year over year and below the consensus estimate of $3.5 billion. The company’s earnings per share (EPS) declined 55% year over year to $0.23, missing the consensus estimate of $0.43. By category, net sales from the full-price and off-price businesses declined 5.1% and 0.6%, year over year, respectively, both missing the consensus estimate. The company lowered its 2019 guidance and now expects a net sales decline of 2% to flat, versus the prior guidance of growth of 1–2%. Nordstrom projects EPS to be $3.25–3.65 versus the prior EPS of $3.65–3.90. To view more research related to Nordstrom, click here. 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: SNAP Policy Changes and Funding Cuts: Impact on RetailersInnovator Profile: Sotira—Managing Reverse Logistics and Offloading Surplus Inventory with AIWeekly UK Store Openings and Closures Tracker 2025, Week 33: River Island Confirms Store Closures; Claire’s UK Files for AdministrationInnovator Profile: Kalder—Monetizing Customer Loyalty with White-Label Cashback and Rewards
