Nordstrom Reaffirms FY24 Outlook; Sees EPS Of $1.65 - $2.05, Est $1.79
Portfolio Pulse from Benzinga Newsdesk
Nordstrom reaffirms its FY24 outlook, projecting EPS between $1.65 and $2.05, with revenue expected to range from a 2.0% decline to a 1.0% growth. Comparable sales are anticipated to range from a 1.0% decline to a 2.0% growth, and EBIT margin is forecasted to be between 3.5% and 4.0% of sales.
May 30, 2024 | 8:13 pm
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Nordstrom reaffirmed its FY24 outlook, projecting EPS between $1.65 and $2.05, with revenue expected to range from a 2.0% decline to a 1.0% growth. Comparable sales are anticipated to range from a 1.0% decline to a 2.0% growth, and EBIT margin is forecasted to be between 3.5% and 4.0% of sales.
Nordstrom's reaffirmation of its FY24 outlook provides a clear financial forecast, which is likely to instill confidence among investors. The projected EPS range and revenue expectations suggest stability, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100