Core Viewpoint - Nordstrom, Inc. (JWN) is anticipated to report a decline in both revenue and earnings for the fourth quarter of fiscal 2024, with revenues expected to be $4.29 billion, reflecting a 2.9% decrease from the previous year [1]. Revenue and Earnings Estimates - The consensus estimate for earnings has decreased to 90 cents per share, indicating a 6.3% decline from 96 cents reported in the same period last year [2]. - The company has a trailing four-quarter negative earnings surprise of 30.03% on average [2]. Earnings Prediction - A positive Earnings ESP of +14.99% and a Zacks Rank of 2 (Buy) suggest a potential earnings beat for Nordstrom this quarter [3]. Digital and Operational Enhancements - Nordstrom is enhancing its digital capabilities to drive growth and improve customer engagement, which is expected to positively impact performance in the upcoming quarter [4]. - The company’s digital-first approach aims to better serve customers and expand market share [5]. Holiday Season Performance - For the holiday season, Nordstrom reported a total company net sales increase of 4.9% and a comparable sales increase of 5.8% for the nine-week period ending January 4, 2025, exceeding cautious expectations [6]. - Based on strong holiday shopping performance, Nordstrom has raised its fiscal 2024 sales outlook, indicating stronger revenue performance in the fourth quarter [7]. Fiscal 2024 Revenue Outlook - The company expects revenue growth of 1.5% to 2.5% for fiscal 2024, with Nordstrom Rack projected to grow 7.6% year over year, while Nordstrom banners are expected to decline by 0.9% [8]. - The absence of a 53rd week this year is expected to negatively impact the top line by 135 basis points [8]. Comparable Sales Growth - For fiscal 2024, comparable sales growth is expected to be between 2.5% and 3.5%, an increase from the prior outlook of 1% to 2% growth [9]. Operational Focus - Nordstrom is focused on enhancing customer experience through faster delivery and operational optimization, which are likely to aid fourth-quarter results [10]. Challenges Faced - The company is facing challenges such as competitive pressures, high operating costs, and inflation, which have led to elevated selling, general, and administrative (SG&A) expenses [11]. Stock Performance and Valuation - JWN shares have increased by 10.5% over the past six months, outperforming the broader industry growth of 4% [12]. - The stock is trading at a forward 12-month price-to-earnings ratio of 12.05x, compared to the industry average of 18.32x, indicating an attractive investment opportunity [12].

Core Viewpoint - Nordstrom (JWN) is expected to report a decline in quarterly earnings and revenues, with analysts revising their estimates downward, indicating potential challenges for the company in the upcoming earnings report [1][2][3]. Financial Performance Estimates - Analysts predict quarterly earnings of $0.90 per share, a decrease of 6.3% year-over-year [1]. - Revenues are forecasted to be $4.29 billion, reflecting a year-over-year decrease of 2.9% [1]. - The consensus EPS estimate has been revised 9.6% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2]. Key Revenue Metrics - 'Revenues- Credit card revenues, net' are estimated at $121.07 million, showing a year-over-year decline of 4.7% [5]. - 'Revenues- Net sales' are projected to be $4.17 billion, indicating a change of -2.8% from the prior-year quarter [5]. - 'Total net sales- Nordstrom Rack' is expected to reach $1.44 billion, suggesting a year-over-year increase of 1.2% [5]. - 'Total net sales- Nordstrom' is anticipated to be $2.73 billion, reflecting a decrease of 4.9% from the previous year [6]. Store Metrics - The projected 'Number of stores - Total (EOP)' is expected to reach 381, compared to 359 a year ago [6]. Market Performance - Nordstrom shares have experienced a change of +0.5% in the past month, contrasting with a -2.2% move of the Zacks S&P 500 composite [7]. - With a Zacks Rank 2 (Buy), Nordstrom is expected to outperform the overall market in the near future [7].

Core Viewpoint - Nordstrom, Inc. will report its fourth quarter 2024 financial results on March 4, 2025, and will not host a conference call due to a pending acquisition [1] Group 1: Financial Reporting - The fourth quarter 2024 financial results will be released after the close of financial markets on March 4, 2025 [1] - The company will not hold a conference call for this quarter's results due to the ongoing acquisition process [1] Group 2: Company Overview - Nordstrom, Inc. has a long-standing history since its inception as a shoe store in 1901, focusing on customer service [2] - The company operates over 350 locations, including Nordstrom, Nordstrom Local, and Nordstrom Rack, as well as digital platforms through apps and websites [2] - Nordstrom is committed to providing convenience and connection for customers while aiming to leave a positive impact on the world [2]

Core Insights - Nordstrom, Inc. (JWN) is committed to expanding its store footprint, with plans to open a Nordstrom Rack in Longmont, CO, in the fall of this year [1] - The new 28,000-square-foot store will enhance the shopping experience in a popular retail area, providing high-quality products at great value [2] - Nordstrom Rack's sales advanced 10.6% year over year to $1.3 billion in the third quarter of fiscal 2024, with comparable sales rising 3.9% [3] Expansion Plans - The Longmont store will increase Nordstrom's presence in Colorado, where it currently operates two Nordstrom stores and eight Nordstrom Rack locations, supporting over 1,400 jobs statewide [4] - A new Nordstrom Rack is also planned for Lake Grove, NY, in fall 2025, aimed at expanding the company's footprint in the New York market [5] Customer Experience and Strategy - Nordstrom is enhancing customer experience through faster delivery and a digital-first strategy, focusing on market share expansion and profitable growth [6] - The company is working on improving efficiency in order fulfillment and plans to introduce more premium brands at Nordstrom Rack [7] Performance Metrics - JWN has seen a stock increase of 12.3% over the past six months, compared to the industry growth of 17.6% [8]

Core Insights - Nordstrom, Inc. plans to open a new Nordstrom Rack in Longmont, Colorado in fall 2025, expanding its presence in the state and enhancing customer access to its offerings [1][2] - The new store will be 28,000 square feet and located in Harvest Junction, a shopping center that includes various popular retailers, indicating a strategic choice for location [1][2] - Nordstrom Rack is a key component of the company's "Closer to You" strategy, which aims to provide a seamless shopping experience across physical and digital platforms [2] Company Expansion - The new Nordstrom Rack location will increase the company's physical footprint in Colorado, where it currently operates two Nordstrom stores and eight Nordstrom Rack stores, contributing to over 1,400 jobs statewide [3] - The addition of Nordstrom Rack is expected to enhance the shopping experience in Longmont by offering high-quality items at significant discounts, up to 70% off on various products [2] Community Engagement - Nordstrom has a commitment to community investment, having donated over $2 million in the past four years to support its partnership with Big Brothers Big Sisters of the United States, focusing on mentorship and community support [4] Company Overview - Nordstrom, Inc. has a long-standing heritage of customer service since its inception as a shoe store in 1901, and it continues to prioritize customer convenience through an interconnected shopping model [5] - The company operates over 350 locations, including Nordstrom, Nordstrom Local, and Nordstrom Rack, alongside digital platforms [5] Real Estate Context - Pine Tree, the owner of Harvest Junction, is a national retail real estate company with a portfolio valued at $2.5 billion and 17 million square feet of open-air retail space across the United States [6]

Core Viewpoint - Nordstrom, Inc. (JWN) has shown strong performance with a 34.3% increase in shares over the past year, outperforming both the Zacks Retail-Apparel and Shoes industry and the S&P 500 index [1] Group 1: Digital Transformation and Sales Growth - The company has been enhancing its digital capabilities, resulting in a 6% increase in digital sales during the third quarter of fiscal 2024, which accounted for 34% of total sales [2][4] - Digital sales growth was supported by expanded product assortments, improved search tools, and high in-stock availability, although the timing shift of the Anniversary Sale negatively impacted sales by approximately 100 basis points [2][4] - Nordstrom's digital transformation initiative aims to improve data accessibility and accelerate the adoption of generative AI solutions, expected to be completed by year-end [3][4] Group 2: Rack Banner Expansion - The company is focused on increasing brand penetration and productivity at its Rack banner, aiming to reduce transportation costs and delivery times while enhancing services [5] - Efforts include introducing more premium brands and improving assortment and brand awareness at Rack, with its digital channel serving as a differentiator in the off-price retail sector [5] Group 3: Operational Efficiency and Customer Experience - Nordstrom is redefining its flagship brand to offer a trendy look and high-quality assortment, while also improving distribution capabilities and connectivity between physical and digital inventory [6] - The company is committed to driving efficiency and enriching the customer experience through initiatives like faster delivery and personalized services [6] Group 4: Valuation and Analyst Outlook - JWN stock is currently trading at a forward price/earnings ratio of 12.3, which is lower than the industry average of 20.19, indicating an attractive valuation [9] - Analysts have a positive outlook, with the Zacks Consensus Estimate for 2025 sales and earnings per share projected at $15.21 billion and $2.01, reflecting year-over-year growth of 1.5% and 1.7% respectively [11]

Core Viewpoint - Nordstrom (JWN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive earnings outlook that could favorably impact its stock price [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often base their valuations on earnings estimates, leading to significant stock price movements when these estimates change [4]. Earnings Estimate Revisions for Nordstrom - Nordstrom is expected to earn $1.97 per share for the fiscal year ending January 2025, representing a year-over-year decline of 7.1% [8]. - Over the past three months, the Zacks Consensus Estimate for Nordstrom has increased by 3.5%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][10].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Nordstrom (JWN) , which belongs to the Zacks Retail - Apparel and Shoes industry.When looking at the last two reports, this department store operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 36.60%, on average, in the last two quarters.For the most recent quarter, Nordstrom was expected to post earning ...

SEATTLE, Jan. 30, 2025 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Lake Grove, NY in fall 2025. "We look forward to being a part of the Lake Grove community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the New York market and introduce new customers to the Nordstrom experience." Lionello added that in ...

Core Insights - Nordstrom, Inc. reported a strong holiday sales performance, with total net sales increasing by 4.9% and comparable sales rising by 5.8% for the nine-week period ending January 4, 2025, compared to the previous year [2][6] - The company has raised its full-year sales outlook for fiscal 2024, anticipating revenue growth of 1.5% to 2.5% compared to fiscal 2023, despite the absence of a 53rd week impacting the top line by 135 basis points [6][7] - Nordstrom Rack showed particularly strong performance, with net sales increasing by 7.4% and comparable sales growing by 4.3%, indicating solid results in the off-price segment [3][4] Sales Performance - For the Nordstrom banner, net sales grew by 3.7% and comparable sales rose by 6.5%, driven by strong customer demand [3][4] - The overall holiday results exceeded the company's cautious expectations, attributed to increased consumer engagement and effective sales strategies [2][4] Strategic Initiatives - Nordstrom is enhancing its digital capabilities and leveraging technology to streamline operations, improve inventory management, and provide seamless shopping experiences [5][12] - The company is focused on a long-term strategy that capitalizes on its digital-first platform to better serve customers and gain market share [5][12] Earnings Estimates - Analysts have revised their earnings estimates upward, with the current quarter's estimate increasing by 2 cents to $1.97 per share and the next quarter's estimate also rising by 2 cents to $2.00 per share [8][9] - The Zacks Consensus Estimate for current and next quarter's sales is projected at $14.96 billion and $15.14 billion, respectively, indicating year-over-year growth of 1.8% and 1.2% [9] Valuation and Stock Performance - Nordstrom's stock is trading at a forward 12-month price-to-earnings ratio of 12.09, below the industry average of 19.20, suggesting it is undervalued compared to peers [15] - Over the past six months, Nordstrom's stock has increased by 14.7%, outperforming the S&P 500 index's growth of 12.8% but lagging behind the industry's growth of 29.5% [17] Growth Drivers - Key growth drivers include the strong performance of Nordstrom Rack, strategic efforts to increase brand penetration, and improved alignment of offerings with customer demand [11][12] - Ongoing investments in supply chain optimization and inventory efficiency are expected to support profitable growth and long-term shareholder value [12][14]