Nordstrom Fourth Quarter Earnings Call
27th February 2008 00:00 AM |
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| The earnings were $212 million or 92 cents per share as against $232 million or 89 cents per share in the prior year quarter. |
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| The retailer of specialty apparel and accessories reported revenue of $2.51 billion, down 4.4% from $2.63 billion in the previous year, on 0.7% decrease in same store sales. During the quarter, SG&A improved 68 basis points compared to last year, primarily due to lower incentive costs, partially offset by increased bad debt expense related to the company''s credit card business. Nordstrom, anticipating a weak first half for fiscal 2008, expects EPS in the range of $2.75 to $2.90. |
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Nordstrom Third Quarter Earnings Call
23rd November 2007 00:00 AM |
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| Nordstrom recorded profit of $165.7 million or 68 cents a share as against $135.7 million or 52 cents in the previous year quarter. |
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| The specialty retailer of fashion apparel reported revenue of $1.97 billion, up 5% from $1.87 billion in last year. During the quarter, the gross margin profit dropped 38 basis points on higher markdowns due to realignment of inventory levels with slower sales trend. Nordstrom completed the sale of its Faconnable subsidiary and realized an after-tax gain of $20.9 million, or 9 cents per share. For fiscal 2007, the company projects EPS in the range of $2.87 to $2.91. |
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Nordstrom Second Quarter Earnings Call
20th August 2007 00:00 AM |
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| The net income rose marginally to $180.4 million or 71 cents a share compared to $178.8 million or 67 cents a share in the prior year quarter. |
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| The leading fashion specialty retailer of the US reported revenue of $2.39 billion, an increase of 5.2% from prior year. The sales in the quarter were boosted by the half-yearly sales and July anniversary sales. The revision to the accounting method of the VISA credit card business increased the expenses in the quarter substantially. For fiscal 20007, the company revised its projections upwards and now expects earnings of $2.91 to $2.97 per share, on same store sales growth of 5% to 6%. |
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Nordstrom First Quarter Earnings Call
23rd May 2007 00:00 AM |
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| The net earnings were $156.8 million or 60 cents per share compared to $131.2 million or 48 cents per share in the prior year. |
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| The leading fashion specialty retailer reported revenue of $1.95 billion, up 9.3% over the prior year quarter. The increase was to due to 9.5% growth in same store sales as well as positive timing shift. During the quarter, the company completed an $850 million securitization transaction backed by the company''s co-branded Visa and private label receivables. For the Q2 of 2007, EPS is expected in the range of 62 cents to 65 cents, including an 8 cents impact from the non-comparable items. |
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