Retail stocks across the sector are dealing with the fallout from their corporate reports this morning. In the winner circle today is Kohls Corp (NYSE:KSS) and Nordstrom Inc (NYSE:JWN), with both stocks seeing a surge in options activity following their encouraging reports. At last glace, Kohls stock is 2.6% higher to trade at $20.11, though it remains 29.4% lower in 2024. While the department store chain reported second-quarter earnings that beat expectations and raised its full-year guidance, revenue miss ...

Shares of Nordstrom, Inc. (JWN) gained 7.7% during the after-market trading session on Tuesday, following the company's second-quarter results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate and improved year over year. Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter, had a positive impact on net sales. Following the results, management updated its fiscal 2024 outlook, raising the lower end of the guidance range for ...

Nordstrom, Inc. (NYSE:JWN) Q2 2024 Earnings Conference Call August 27, 2024 4:45 PM ET Company Participants James Duies - Head, IR Erik Nordstrom - CEO Peter Nordstrom - President Cathy Smith - CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Oliver Chen - TD Cowen Simeon Siegel - BMO Capital Markets Lorraine Hutchinson - Bank of America Alex Straton - Morgan Stanley Chuck Gron - Gordon Haskett Blake Anderson - Jefferies Dylan Carden - William Blair Paul Lejuez - Citigroup Operator Greet ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-----------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2024 EARNINGS CALL | | | | | | | FORWARD-LOOKING STATEMENTS This presentation contains statements that are forward looking. These statements are based upon current expectations and assumptions that are subject to risks and uncertainties. We may not achieve the results projected in these forward-looking statements, and our actual results could mate ...

Digital sales are climbing steadily at Nordstrom, and displaying a consistent upward trajectory. During the company's second-quarter earnings call Tuesday (Aug. 27), CEO Erik Nordstrom said digital sales increased 6.2%, accounting for 37% of total sales and the fifth consecutive quarter of improvement. "As we have shared previously, growing the digital customer journey is a key part of our strategy to drive Nordstrom banner growth," Erik Nordstrom said during the earnings call. "In April, we successfully la ...

Tuesday, August 27th, 2024 Three out of the four major stock market indexes closed Tuesday's session flat as a pancake. Such is trading life in the last week of August, typically. The Dow set a new record closing high, a mere 18 points above where it closed yesterday, +0.05%. Both the Nasdaq and S&P 500 finished the day up +0.17%. Only the small-cap Russell 2000 came in -0.66% lower on the session. What's notably more exciting are the earnings reports after the bell. We're still a day away from what might b ...

Nordstrom (JWN) reported $3.89 billion in revenue for the quarter ended July 2024, representing a year-overyear increase of 3.2%. EPS of $0.96 for the same period compares to $0.84 a year ago. The reported revenue represents a surprise of +1.15% over the Zacks Consensus Estimate of $3.85 billion. With the consensus EPS estimate being $0.74, the EPS surprise was +29.73%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Nordstrom (JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 29.73%. A quarter ago, it was expected that this department store operator would post a loss of $0.08 per share when it actually produced a loss of $0.24, delivering a surprise of -200%. Over the last four quarters, the c ...

Exhibit 99.1 NORDSTROM Nordstrom Reports Second Quarter 2024 Earnings • Sales positive across both banners and digital during second quarter • Reports EPS of $0.72, adjusted EPS of $0.96 • Updates fiscal 2024 outlook 1 1 SEATTLE – August 27, 2024 – Nordstrom, Inc. (NYSE: JWN) today reported second quarter net earnings of $122 million, or earnings per diluted share ("EPS") of $0.72, and earnings before interest and taxes ("EBIT") of $190 million. Excluding a charge primarily related to supply chain asset imp ...

Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher than expected, it issued tepid guidance for the full year. Nordstrom now expects adjusted earnings per share to be between $1.75 and $2.05, compared to a previous range of $1.65 to $2.05. It anticipates sales will be in a range of a 1% decline ...