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
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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.
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