Nordstrom Q1 Earnings Highlights: Revenue Beat, EPS Beat, Guidance, Store Update And More
Portfolio Pulse from Chris Katje
Nordstrom reported Q1 revenue of $3.18 billion, down 11.6% YoY but beating the consensus estimate of $3.12 billion. Adjusted EPS was 7 cents, surpassing the estimated loss of 8 cents per share. The company reaffirmed its full-year guidance and ended the quarter with $1.4 billion in liquidity.
May 31, 2023 | 8:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nordstrom's Q1 revenue and EPS beat estimates, with the company reaffirming its full-year guidance. The stock price is up 9.8% after hours.
Nordstrom's Q1 results exceeded expectations, with both revenue and EPS surpassing estimates. The company also reaffirmed its full-year guidance, indicating confidence in its performance. This positive news is likely to boost investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100