Company Earnings UpdateNordstrom (JWN) 3Q17 Results: Misses on Comps, Narrows FY17 Earnings Guidance Coresight Research November 10, 2017 Executive Summary Nordstrom reported 3Q17 EPS of $0.67, ahead of the $0.63 consensus estimate and compared with a loss of $0.06 in the year-ago quarter. Revenues were $3.63 billion, up 2.5% year over year and slightly above the $3.58 billion consensus estimate. Comps declined by 0.9%, missing the consensus estimate of a 0.3% decline. Comps for Nordstrom full-line stores declined by 4.9%, while comps for Nordstrom.com were up 7.5%. The company reiterated its full-year guidance of 4% net sales growth and flat comps, but narrowed its EPS guidance downward to $2.85–$2.95 from $$2.85–$3.00 previously. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Financial Sentiment Recovers; Tariff Pessimism Improves; Inflationary Trade-Down Persists: US Consumer Survey InsightsEarnings Insights 1Q25, Week 5: BJ’s Wholesale Club and Home Depot Report Sales Growth; Target Reports Sales Decline—InfographicAnalyst Corner: Chinese Consumers Still Embrace International Brands—If Those Brands Deliver: Three Key Findings from a New Study, with John HarmonHigh-Income Consumers Turn Optimistic About Economy; Plus, Inflation Awareness Declines: US Consumer Survey Insights
