Nordstrom GAAP EPS of $1.23 beats by $0.23, revenue of $4.49B beats by $130M

• Nordstrom press release (NYSE:JWN): FQ4 GAAP EPS of $1.23 beats by $0.23.
• Revenue of $4.49B (+23.0% Y/Y) beats by $130M.
• Gross profit, as a percentage of net sales, of 38 percent increased 500 basis points compared with the same period in fiscal 2020.
• EBIT was $299 million in the fourth quarter of 2021, compared with $30 million during the same period in fiscal 2020.
• FISCAL YEAR 2022 OUTLOOK:
• Revenue growth, including retail sales and credit card revenues, of 5 to 7 percent versus fiscal 2021.
• Earnings per share of $3.15 to $3.50, excluding the impact of share repurchase activity, if any
• EBIT margin of 5.6 to 6.0 percent of sales.
• • Consensus EPS Estimate for 2022 is $1.99
  • Consensus Revenue Estimate for 2022 is $15.16B

Comments

[TexasTea1]

First time holder, just got in last week at 19.25 and I’m feeling pretty happy I did…

[Luka_1]

But the analysts said…😄

[vireoman]

And to think I was sweating this one out. Currently up 36% AH.

[Eagle Watcher]

22% shorts are going to get crushed!!!

[billyb1980]

Consensus is clueless...

[Moomoo22u2]

Someone is going to get stung tomorrow chasing this to 30.