Nordstrom raises sales outlook after holiday season was better than feared
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Nordstrom has increased its full-year sales outlook following a better-than-expected holiday season in terms of spending at its website and stores. However, the company has maintained its profit outlook.
January 10, 2025 | 10:00 pm
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Nordstrom has raised its full-year sales outlook due to better-than-expected holiday spending, but its profit outlook remains unchanged.
The increase in sales outlook suggests stronger revenue performance, which is a positive indicator for Nordstrom's stock. However, the unchanged profit outlook may temper expectations for significant profit growth, leading to a moderate positive impact on the stock price.
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