Company Earnings Update 3 minutesRegister for Free AccessNordstrom (NYSE: JWN) 2Q19 Results: Company Misses Expectations Due to Softer Sales, Lowers Sales Guidance Coresight Research August 22, 2019 Executive Summary Nordstrom reported 2Q19 revenues of $3.87 billion, down 5.1% year over year and below the consensus estimate of $3.92 billion. The company’s earnings per share (EPS) declined 5.3% year over year to $0.90, beating the consensus estimate of $0.76. Nordstrom comps decreased by 5.1% compared to consensus of down 3.5%. By category, full price declined 6.5% compared to consensus of down 5.0%. Off-price decreased by 1.3%, in line with the consensus estimate. The company lowered its 2019 guidance and now expects a net sales decline of 2%, versus the prior guidance of a net sales decline of 2% to flat. Nordstrom lowered the top end of its EPS guidance from $3.65 to $3.50, for a guidance range of $3.25 to $3.50. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Pioneer the Future of Retail at NextGen Commerce, a Coresight Research AI ConferenceUS Consumer Tracker: Fewer Consumers Trade Down To Combat InflationWeekly US and UK Store Openings and Closures Tracker 2024, Week 39: UK Store Openings Up 13% Year Over YearShoptalk Fall 2024 Wrap-Up: Unified Commerce, Customer Loyalty and AI Are “Mission Possible”
