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: Weekly US and UK Store Openings and Closures Tracker 2023, Week 26: Walgreens Boots Alliance Drives Closures on Both Sides of the AtlanticFive Things To Know About Generative AI in ChinaJanuary 2023 US Housing Market Indicators: Total Home Sales Fall SharplySeptember 2023 US Retail Traffic and In-Store Metrics: Shopper Yield Decline Softens Despite Negative Trends in Store-Based Sales and Traffic
