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Nordstrom +2.3% after beat, solid comp sales

Nov. 13, 2014 4:33 PM ETNordstrom, Inc. (JWN) StockJWNBy: Stephen Alpher, SA News Editor
  • Q3 earnings of $142M or $0.73 per share vs. $137M and $0.69 one year ago.
  • Total comp sales growth of 3.9%; Nordstrom (NYSE:JWN) comp sales growth of 3.4%.
  • Full-year EPS outlook lowered to $3.70-$3.75 from $3.80-$3.90, with part of that due to the Trunk Club acquisition that's expected to cut EPS by about 3% this fiscal year. The net sales outlook is expected to be at the top end of the previously guided 6.5-7.5% range. Comp sales are expected right in the middle of the earlier 3-4% range.
  • Conference call at 4:45 ET
  • Previously: Nordstrom beats by $0.02, beats on revenue
  • Shares +2.3% after-hours

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