Benzinga | Mar 2, 2021 04:33PM EST

Nordstrom: Q4 Earnings Insights

Shares of Nordstrom (NYSE:JWN) decreased in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 85.21% year over year to $0.21, which beat the estimate of $0.14.

Revenue of $3,645,000,000 decreased by 19.68% year over year, which beat the estimate of $3,600,000,000.

Guidance

Nordstrom Sees FY21 Sales Expected To Grow More Than 25%, With Digital Representing ~50% Of Sales, EBIT Margin Is Expected To Be Roughly 3% Of Sales

How To Listen To The Conference Call

Date: Mar 02, 2021

Time: 04:45 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/xvsvupud

Price Action

52-week high: $42.22

Company's 52-week low was at $11.72

Price action over last quarter: Up 35.64%

Company Overview

Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 outlet stores under the names Nordstrom Rack and Last Chance. The company also operates e-commerce sites. Nordstrom's largest merchandise categories are women's apparel (31% of sales) and shoes (24% of sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the Nordstrom family.