Nordstrom reported a 5.1% Q1 net sales increase to $3.22bn, but a Q1 net loss of $39m and 24 cents per share.
Nordstrom reported mixed Q1 financial results, with a 5.1% increase in net sales to $3.22bn, but a Q1 net loss of $39m or 24 cents per share. The company's total comparable sales increased 3.8% and gross merchandise value increased 4.9%. Nordstrom reaffirmed its FY2024 outlook, expecting earnings between $1.65 and $2.05 per share. Nordstrom shares traded higher at $21.94, up 4.33%, following the results release.
May 30, 2024
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