Nordstrom Sees FY23 Adjusted EPS $1.90-$2.10
Portfolio Pulse from Benzinga Newsdesk
Nordstrom forecasts its FY23 adjusted EPS to be between $1.90 and $2.10, excluding any impact from share repurchases. This projection includes a negative impact from charges related to the wind-down of its Canadian operations, with an EPS range of $0.74 to $0.94 when including these charges.

November 21, 2023 | 9:09 pm
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Nordstrom's FY23 EPS guidance suggests a cautious outlook, with adjusted EPS expected between $1.90 and $2.10, and a lower EPS of $0.74 to $0.94 after accounting for Canadian exit costs.
The EPS guidance provided by Nordstrom is a key indicator of the company's expected financial performance. The adjusted EPS excluding the impact of the Canadian operations wind-down is within a typical range, suggesting a neutral outlook. However, the inclusion of the Canadian exit costs shows a lower EPS, which could be a concern for investors. The lack of mention of share repurchase activity indicates that this guidance is focused on operational performance. The score is neutral as the guidance seems to be in line with cautious market expectations, and the impact on the stock price could be muted unless the market was expecting a significantly different EPS range.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100