Nordstrom (NYSE:JWN) reported Q1 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $3.57 billion versus the consensus estimate of $3.27 billion.
GUIDANCE:
Nordstrom sees FY2022 EPS of $3.20-$3.50, versus the consensus of $3.12.
- Revenue growth, including retail sales and credit card revenues, of 6 to 8 percent versus fiscal 2021
- EBIT margin of 5.8 to 6.2 percent of sales
- Adjusted EBIT margin of 5.6 to 6.0 percent of sales3
- Income tax rate of approximately 27 percent
- EPS of $3.38 to $3.68, excluding the impact of share repurchase activity, if any
- Adjusted EPS of $3.20 to $3.50, excluding the impact of share repurchase activity, if any3
- Leverage ratio of approximately 2.5 times by year-end