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Nordstrom, Inc. (JWN) CEO Erik Nordstrom on Q4 2019 Results - Earnings Call Transcript

Mar. 03, 2020 10:31 PM ETNordstrom, Inc. (JWN)
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Nordstrom, Inc. (NYSE:JWN) Q4 2019 Earnings Conference Call March 3, 2020 4:45 PM ET

Company Participants

Trina Schurman - Director, IR

Erik Nordstrom - CEO

Anne Bramman - CFO

Pete Nordstrom - President and CBO

Conference Call Participants

Oliver Chen - Cowen

Dana Telsey - Telsey Advisory Group

Mark Altschwager - Baird

Omar Saad - Evercore ISI

Matthew Boss - JPMorgan

Alex Walvis - Goldman Sachs

Paul Trussell - Deutsche Bank

Paul Lejuez - Citi Research


Greetings, and welcome to the Nordstrom Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. We will begin with prepared remarks followed by a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.

At this time, I'll turn the call over to Trina Schurman, Director of Investor Relations for Nordstrom. You may begin.

Trina Schurman

Good afternoon and thank you for joining us. Today's earnings call will last 45 minutes and will include 30 minutes for your questions. Before we begin, I want to mention that we'll be referring to slides, which can be viewed by going to the Investor Relations section on nordstrom.com. Our discussion may include forward-looking statements, so please refer to the slide showing our Safe Harbor language.

Participating in today's call are Erik Nordstrom, Chief Executive Officer; and Anne Bramman, Chief Financial Officer, who will discuss the company's fourth quarter performance and outlook for 2020. Joining during the Q&A session will be Pete Nordstrom, President of Nordstrom, Inc. and Chief Brand Officer.

With that, I'll turn the call over to Erik.

Erik Nordstrom

Good afternoon everyone and thank you for joining us today. We ended 2019 in a position of strength and have momentum heading into 2020. During the second half of the year, we met or exceeded the operating and financial goals

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