Nordstrom beat analysts’ estimates for fiscal first-quarter sales and raised its full-year outlook on Tuesday, citing business momentum as shoppers visited the company’s department shops to refresh their closets with luxury labels and shoes.
Nordstrom beat analysts’ estimates for fiscal first-quarter sales and raised its full-year outlook, citing business momentum as shoppers visited the company’s department shops to refresh their closets with luxury labels and shoes. Nordstrom now expects revenue to increase by 6% to 8% in fiscal 2022, including credit card transactions, compared to a previous range of 5% to 7%.
It expects earnings per share to range from $3.38 to $3.68, up from a previous range of $3.15 to $3.50, excluding the impact of any share repurchase activity. It expects to earn between $3.20 and $3.50 per share on an adjusted basis.
