Nordstrom Raises FY24 Revenue Outlook Amid Strong Holiday Season
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Nordstrom (JWN) has raised its fiscal 2024 revenue outlook, forecasting a growth of 1.5-2.5% due to stronger-than-expected holiday sales. This indicates improved comparable sales for the company.
January 13, 2025 | 8:00 pm
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Nordstrom has increased its fiscal 2024 revenue outlook, expecting 1.5-2.5% growth due to better-than-expected holiday sales, indicating improved comparable sales.
The increase in revenue outlook suggests that Nordstrom experienced strong sales during the holiday season, which is a positive indicator for future performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
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