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• Nordstrom Inc dropped 10.5% to $15.05 after the fashion apparel retailer reported better-than-expected quarterly results. 
  
  But investors sold stock after the company reiterated its full-year sales estimate to decline between 4% and 6%. 
  
  Total revenue in the second quarter ending in July declined 8.3% to $3.8 billion from $4.1 billion and net income rose to $137 million from $126 million and diluted earnings per share rose to 84 cents from 77 cents a year ago. 
  
  Excluding the impacts of the Canadian wind-down and Anniversary Sale timing shift, More
  
  Aug 25, 2023
• Nordstrom Inc dropped 10.5% to $15.05 after the fashion apparel retailer reported better-than-expected quarterly results. 
  
  But investors sold stock after the company reiterated its full-year sales estimate to decline between 4% and 6%. 
  
  Total revenue in the second quarter ending in July declined 8.3% to $3.8 billion from $4.1 billion and net income rose to $137 million from $126 million and diluted earnings per share rose to 84 cents from 77 cents a year ago. 
  
  Excluding the impacts of the Canadian wind-down and Anniversary Sale timing shift, net sales would have been down approximately 4%. 
  
  During the quarter, Nordstrom banner net sales decreased 10.1% and GMV decreased 10.4% and  net sales for Nordstrom Rack fell 4.1%.
  
  Digital sales fell 12.9% in the quarter from a year earlier. 
  
  Collectively, eliminating store fulfillment for Nordstrom Rack digital orders during the third quarter of fiscal 2022 and the closing of Trunk Club during the second quarter of fiscal 2022 negatively impacted second quarter digital sales by approximately 500 basis points. 
  
  The timing shift of the Anniversary Sale had a negative impact on company digital sales of approximately 300 basis points compared with the second quarter of 2022. 
  
  Digital sales represented 36 percent of total sales during the quarter.
  
  The board of directors declared a quarterly cash dividend of 19 cents a share  payable on September 13 to shareholders of record on August 29. Less
  
  Aug 25, 2023


• Nordstrom Inc increased 3% to $15.76 after the company reported better-than-expected quarterly results. 
  
  The company reaffirmed its revenue and adjusted financial outlook for fiscal 2023 and revenue is estimated to fall between 4% and 6%, including an approximately 250 basis point negative impact from the wind-down of Canadian operations and an approximately 130 basis point positive impact from the 53rd week in the current year. 
  
  Net sales declined 11.6% to $3.0 billion from $3.5 billion and the company swung to a loss of $205 million from a profit of $ More
  
  Jun 1, 2023
• Nordstrom Inc increased 3% to $15.76 after the company reported better-than-expected quarterly results. 
  
  The company reaffirmed its revenue and adjusted financial outlook for fiscal 2023 and revenue is estimated to fall between 4% and 6%, including an approximately 250 basis point negative impact from the wind-down of Canadian operations and an approximately 130 basis point positive impact from the 53rd week in the current year. 
  
  Net sales declined 11.6% to $3.0 billion from $3.5 billion and the company swung to a loss of $205 million from a profit of $20 million and diluted earnings per share was ($1.27) compared to 13 cents a year ago. Less
  
  Jun 1, 2023

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