Nordstrom shares are trading lower following Q2 results. Total company net sales declined 8.3% year over year.
Portfolio Pulse from Benzinga Newsdesk
Nordstrom's Q2 results show a decline in total company net sales by 8.3% year over year, leading to a drop in its share prices.
August 25, 2023 | 1:46 pm
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Nordstrom's Q2 results have led to a decrease in its share prices due to a 8.3% YoY decline in net sales.
Nordstrom's Q2 results show a significant decline in net sales, which is a key indicator of a company's financial health. This has led to a decrease in investor confidence, resulting in a drop in share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100