Breaking News
Mar 5, 2025
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Nordstrom Inc. gained 0.6% to $24.39 after the full-line merchandise retailer surpassed analyst expectations in the fiscal fourth quarter ending on February 1 of 2025.
Net sales declined to $4.20 billion from $4.29 billion, net earnings increased to $165 million from $134 million, and earnings per diluted share jumped to 97 cents from 82 cents a year ago.
The company opened 23 stores during the year.
During the fourth quarter, Nordstrom closed one store and three Rack stores, and subsequent to the quarter-end, the company closed one local service hub, which will reopen as a storefront dedicated to personal styling.
Fourth-quarter total comparable sales increased 4.7%, banner comparable sales increased 5.3%, and rack comparable sales increased 3.5% versus fiscal 2023.
The company proposed a quarterly cash dividend of 19 cents per share, payable on March 26 to shareholders on record as of March 11.
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