Company Earnings Update 3 minutesRegister for Free AccessNordstrom (NYSE: JWN) 4Q18 Results: Soft Traffic at Full-Price Stores Penalizes Sales Coresight Research March 4, 2019 Executive Summary Net sales declined 4.7% to $4.4 billion, comps declined 1.6% in full-price and rose 4% in the off-price division. Operating margin was flat at 7.6%, reflecting modest gross margin contraction offset by SG&A expense leverage. For 2019, the company expects net sales to grow 1-2%, lower than the consensus estimate of 2.8%, and projected EPS to be $3.65- to $3.90, ranges in line with the consensus estimate of $3.67. 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: Earnings Insights 3Q24, Week 5: BJ’s Wholesale, Target, Walmart and Others Report Positive Sales Growth During Holiday 2024Consumer Avoidance Falls: China Consumer TrackerShoptalk Fall 2024 Wrap-Up: Unified Commerce, Customer Loyalty and AI Are “Mission Possible”March 2023 Monthly Consumer Update: US, UK and China
