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Nordstrom Past Earnings Performance
Past criteria checks 5/6
Nordstrom has been growing earnings at an average annual rate of 39.5%, while the Multiline Retail industry saw earnings growing at 19.2% annually. Revenues have been growing at an average rate of 3.6% per year. Nordstrom's return on equity is 25.8%, and it has net margins of 2%.
Key information
39.48%
Earnings growth rate
37.52%
EPS growth rate
| Multiline Retail Industry Growth | 12.60% |
| Revenue growth rate | 3.56% |
| Return on equity | 25.79% |
| Net Margin | 1.96% |
| Last Earnings Update | 01 Feb 2025 |
Recent past performance updates
Recent updates
Seeking Alpha • Dec 23
Wall Street Lunch: Nordstrom To Go Private
Summary Nordstrom is ending its 53-year run as a publicly traded company. The Container Store has filed for Chapter 11. November durable goods orders fell more than expected, with a significant drop in aircraft orders and a decline in defense orders impacting the overall numbers. Goldman Sachs introduced a model for identifying high-conviction industry picks. Read the full article on Seeking AlphaSeeking Alpha • Nov 27
Nordstrom: Rating Downgrade As Upside No Longer Attractive
Summary I am downgrading Nordstrom stock to a hold rating as the stock has surpassed my target price of $23.80, now trading at $24.60. JWN's 3Q24 earnings showed strong retail sales growth of 4.6% y/y, with EPS significantly beating forecasts, but management maintained their FY24 EPS outlook. Demand remains robust, with notable performance in both full-line and Rack segments, but inventory levels are a concern, potentially impacting future margins. Despite a positive fundamental outlook, the stock's current valuation limits upside potential, and risks to gross margin contraction in FY25 could dampen EPS growth. Read the full article on Seeking AlphaSeeking Alpha • Nov 19
Nordstrom: Sell Due To Limited Upside
Summary Nordstrom, Inc. received a $23 per share takeover bid from the Nordstrom family and Mexican retailer El Puerto de Liverpool. The proposed takeover price values JWN at a premium compared to peers like Macy's and Kohl's, and a significantly higher bid is unlikely. I expect the deal to close, but there is some risk it could fall apart, which is likely to result in significant downside for the stock. I do not view JWN as an attractive investment opportunity at current levels. Read the full article on Seeking AlphaSeeking Alpha • Sep 06
Nordstrom: Business Continues To Benefit From The Macro Backdrop
Summary I maintain a buy rating for Nordstrom (JWN) due to the favorable macro backdrop and positive margin outlook, despite the unlikely buyout acceptance. JWN's 2Q24 earnings showed 3.4% y/y growth, with adj EPS of $0.96 beating consensus, and a 160bps gross margin expansion to 36.6%. The buyout offer at $23 per share serves as a valuation floor. Read the full article on Seeking Alpha
New Narrative • Sep 03
Exploring Private Takeover And Digital Expansion Fuels Shareholder Value Surge
Emphasis on enhancing shareholder value through considerations of taking the company private and strategic restructuring hints at potential stock value increase.Seeking Alpha • Aug 30
Nordstrom: Was Q2 2024 Profitability Improvement A Signal Or Just Noise?
Summary Nordstrom, Inc.'s Q2 2024 earnings report showed a surprising profitability boost, with EPS beating expectations and gross profit margin reaching its highest since Q1 2022. The company's growth is driven by its Nordstrom Rack segment, which saw an 8.8% YoY sales increase, but this may pressure overall margins. Despite positive earnings, macroeconomic headwinds and a significant YoY inventory build raise concerns about future performance and profitability. Given these factors, I recommend a SELL rating for Nordstrom stock until more data confirms sustained operational improvements and profitability. Read the full article on Seeking AlphaAnalysis Article • Aug 28
Nordstrom (NYSE:JWN) Will Pay A Dividend Of $0.19
Nordstrom, Inc. ( NYSE:JWN ) will pay a dividend of $0.19 on the 18th of September. Based on this payment, the dividend...Analysis Article • Jul 31
Little Excitement Around Nordstrom, Inc.'s (NYSE:JWN) Revenues
Nordstrom, Inc.'s ( NYSE:JWN ) price-to-sales (or "P/S") ratio of 0.2x might make it look like a buy right now compared...Analysis Article • Jun 26
The Returns On Capital At Nordstrom (NYSE:JWN) Don't Inspire Confidence
What financial metrics can indicate to us that a company is maturing or even in decline? A business that's potentially...Seeking Alpha • Jun 07
Nordstrom: Negative Macro Outlook Is Good For Business
Summary Nordstrom, Inc. is expected to benefit from the current macro environment of weak consumer spending due to inflation and high interest rates. The company's discount store business, Nordstrom Rack, reported strong growth and outperformed other off-price retailers in the US. While Nordstrom reported a disappointing EPS miss, the gross margin contraction is believed to be temporary and not reflective of the underlying business. Read the full article on Seeking AlphaAnalysis Article • May 26
Nordstrom (NYSE:JWN) Has Affirmed Its Dividend Of $0.19
Nordstrom, Inc. ( NYSE:JWN ) will pay a dividend of $0.19 on the 19th of June. The dividend yield will be 3.5% based on...Analysis Article • Apr 15
With Nordstrom, Inc. (NYSE:JWN) It Looks Like You'll Get What You Pay For
Nordstrom, Inc.'s ( NYSE:JWN ) price-to-earnings (or "P/E") ratio of 23.2x might make it look like a sell right now...Seeking Alpha • Apr 09
Nordstrom: Downgrading To Hold As I Am Less Confident In The Business Outlook
Summary Hold rating recommended for Nordstrom due to uncertain earnings growth outlook and pressure on margins from the Rack business. Recent earnings beat expectations, but underlying business operations are not moving in the right direction. A potential deal with the Nordstrom family presents upside potential. Read the full article on Seeking AlphaAnalysis Article • Mar 13
There May Be Reason For Hope In Nordstrom's (NYSE:JWN) Disappointing Earnings
The most recent earnings report from Nordstrom, Inc. ( NYSE:JWN ) was disappointing for shareholders. While the...Seeking Alpha • Mar 07
Nordstrom Q4 Earnings: Neutral Outlook Despite Positive Momentum In Rack
Summary Department store operator, Nordstrom, is trading lower following the release of its Q4 results. While results topped expectations, forward guidance was more muted. Momentum continued at Nordstrom’s off-price brand, Rack. The continued growth in Rack also figures prominently into the company’s medium to long-term outlook. In addition to Rack, Nordstrom is leaning on its digital channel to support its storefronts. While these initiatives serve as positive catalysts, I maintain a neutral view on shares due to the uncertainty of future success in these initiatives. Read the full article on Seeking AlphaAnalysis Article • Mar 03
Nordstrom's (NYSE:JWN) Dividend Will Be $0.19
Nordstrom, Inc.'s ( NYSE:JWN ) investors are due to receive a payment of $0.19 per share on 27th of March. Based on...Analysis Article • Mar 01
Nordstrom (NYSE:JWN) Could Be At Risk Of Shrinking As A Company
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Analysis Article • Feb 15
Is Nordstrom (NYSE:JWN) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Dec 27
Nordstrom: Meeting FY24 Guidance Should Drive Valuation Upwards
Summary Nordstrom Inc. is recommended as a buy, as I expect that it will meet its FY24 guidance and see a rerating of its valuation. Recent results show steady growth improvements, with EBIT beating consensus estimates. Improved inventory positioning, operational enhancements, and strong EPS growth are expected to drive the company's growth and valuation. Read the full article on Seeking AlphaAnalysis Article • Dec 23
Market Participants Recognise Nordstrom, Inc.'s (NYSE:JWN) Earnings Pushing Shares 30% Higher
The Nordstrom, Inc. ( NYSE:JWN ) share price has done very well over the last month, posting an excellent gain of 30...Analysis Article • Nov 23
Nordstrom (NYSE:JWN) Has Announced A Dividend Of $0.19
Nordstrom, Inc. ( NYSE:JWN ) will pay a dividend of $0.19 on the 13th of December. Based on this payment, the dividend...Seeking Alpha • Nov 22
Nordstrom: Q3 Results Point To Ongoing Inventory Concerns
Summary Nordstrom shares have lost about 30% of their value in the past year due to excess inventory and stagnant consumer demand. The company's earnings beat expectations, but inventories are still higher than pre-COVID levels, indicating potential overstocking. JWN's main brand underperformed compared to its off-label brand, raising concerns about its relevance to its target customers. Read the full article on Seeking AlphaAnalysis Article • Nov 12
Nordstrom (NYSE:JWN) Will Be Looking To Turn Around Its Returns
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Analysis Article • Oct 25
Here's Why Nordstrom (NYSE:JWN) Has A Meaningful Debt Burden
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Oct 16
Nordstrom: Weight Loss Drugs Could Drive EPS Much Higher
Summary Nordstrom shares have performed poorly in 2023, but the company could see a surge in earnings driven by increased use of weight loss drugs. Dramatic weight loss could lead to a surge in apparel spend among those taking the drugs, benefiting Nordstrom. Nordstrom has significant operating leverage, so a modest increase in sales could drive a significant increase in earnings. Management recently acknowledged that current earnings guidance/expectations could be conservative. A share price re-rating could be accelerated by short covering as bears become cognizant of upside risk. Nordstrom has a nearly 20% short interest. Read the full article on Seeking AlphaSeeking Alpha • Sep 20
Nordstrom: Sales Trends Expected To Improve Through FY24
Summary I recommend a buy rating for JWN based on the expectation of improving sales trends and positive margin trends. Despite challenges during the COVID-19 pandemic, JWN has rebounded to pre-pandemic revenue levels of approximately $15 billion. The company's margin improvements and management's focus on cost management support my confidence in JWN's ability to grow, contrary to the consensus view. Read the full article on Seeking AlphaSeeking Alpha • Sep 02
Nordstrom's Turnaround Is Around The Corner
Summary Nordstrom has consistently achieved strong profitability in the last two quarters, despite concerns about an impending recession. The company has undergone significant structural changes in its business model, focusing on profitable growth and premium brand offerings. Nordstrom's recent earnings reports show progress in its business recovery, with improved EPS and a strategic transformation of its Rack business. Read the full article on Seeking AlphaAnalysis Article • Aug 26
Nordstrom's (NYSE:JWN) Dividend Will Be $0.19
Nordstrom, Inc. ( NYSE:JWN ) will pay a dividend of $0.19 on the 13th of September. Based on this payment, the dividend...Analysis Article • Aug 07
Returns On Capital At Nordstrom (NYSE:JWN) Paint A Concerning Picture
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Analysis Article • Jul 23
Is Nordstrom (NYSE:JWN) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Jul 20
Nordstrom: Headwinds And Risks Ahead
Summary The closure of Nordstrom Canada will decrease sales by $400 million. The company expects revenue to decline between 4% and 6% in fiscal 2023. Wall Street analysts have a target price on the stock of $19.44, suggesting a downside risk of 6%. Read the full article on Seeking AlphaAnalysis Article • Jul 02
Are Nordstrom, Inc. (NYSE:JWN) Investors Paying Above The Intrinsic Value?
Key Insights Nordstrom's estimated fair value is US$17.01 based on 2 Stage Free Cash Flow to Equity Current share price...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Nordstrom makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 01 Feb 25 | 15,016 | 294 | 5,074 | 0 |
| 02 Nov 24 | 15,112 | 262 | 4,972 | 0 |
| 03 Aug 24 | 14,969 | 284 | 4,924 | 0 |
| 04 May 24 | 14,847 | 300 | 4,873 | 0 |
| 03 Feb 24 | 14,693 | 134 | 4,825 | 0 |
| 28 Oct 23 | 14,592 | 119 | 4,808 | 0 |
| 29 Jul 23 | 14,818 | 32 | 4,807 | 0 |
| 29 Apr 23 | 15,142 | 20 | 4,914 | 0 |
| 28 Jan 23 | 15,530 | 245 | 4,966 | 0 |
| 29 Oct 22 | 15,697 | 326 | 5,123 | 0 |
| 30 Jul 22 | 15,788 | 410 | 5,177 | 0 |
| 30 Apr 22 | 15,349 | 364 | 5,043 | 0 |
| 29 Jan 22 | 14,789 | 178 | 4,953 | 0 |
| 30 Oct 21 | 13,948 | 11 | 4,714 | 0 |
| 31 Jul 21 | 13,400 | 0 | 4,463 | 0 |
| 01 May 21 | 11,605 | -335 | 4,365 | 0 |
| 30 Jan 21 | 10,715 | -690 | 4,099 | 0 |
| 31 Oct 20 | 11,607 | -531 | 3,956 | 0 |
| 01 Aug 20 | 12,190 | -457 | 4,244 | 0 |
| 02 May 20 | 14,200 | -62 | 4,414 | 0 |
| 01 Feb 20 | 15,524 | 496 | 4,808 | 0 |
| 02 Nov 19 | 15,470 | 552 | 5,007 | 0 |
| 03 Aug 19 | 15,546 | 492 | 4,892 | 0 |
| 04 May 19 | 15,742 | 514 | 4,879 | 0 |
| 02 Feb 19 | 15,860 | 564 | 4,868 | 0 |
| 03 Nov 18 | 16,079 | 467 | 4,872 | 0 |
| 04 Aug 18 | 15,959 | 513 | 4,842 | 0 |
| 05 May 18 | 15,685 | 461 | 4,734 | 0 |
| 03 Feb 18 | 15,478 | 437 | 4,662 | 0 |
| 28 Oct 17 | 15,092 | 487 | 4,415 | 0 |
| 29 Jul 17 | 15,005 | 364 | 4,298 | 0 |
| 29 Apr 17 | 14,862 | 371 | 4,204 | 0 |
| 28 Jan 17 | 14,757 | 354 | 4,315 | 0 |
| 29 Oct 16 | 14,634 | 333 | 4,100 | 0 |
| 30 Jul 16 | 14,421 | 424 | 4,061 | 0 |
| 30 Apr 16 | 14,471 | 518 | 4,039 | 0 |
| 30 Jan 16 | 14,437 | 600 | 3,957 | 0 |
| 31 Oct 15 | 14,287 | 675 | 3,912 | 0 |
| 01 Aug 15 | 14,099 | 736 | 3,836 | 0 |
| 02 May 15 | 13,790 | 708 | 3,717 | 0 |
| 31 Jan 15 | 13,506 | 720 | 3,588 | 0 |
| 01 Nov 14 | 13,174 | 733 | 3,551 | 0 |
| 02 Aug 14 | 12,918 | 728 | 3,469 | 0 |
Quality Earnings: JWN has high quality earnings.
Growing Profit Margin: JWN's current net profit margins (2%) are higher than last year (0.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: JWN's earnings have grown significantly by 39.5% per year over the past 5 years.
Accelerating Growth: JWN's earnings growth over the past year (119.9%) exceeds its 5-year average (39.5% per year).
Earnings vs Industry: JWN earnings growth over the past year (119.9%) exceeded the Multiline Retail industry 16.2%.
Return on Equity
High ROE: Whilst JWN's Return on Equity (25.79%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/20 10:37 |
| End of Day Share Price | 2025/05/20 00:00 |
| Earnings | 2025/02/01 |
| Annual Earnings | 2025/02/01 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nordstrom, Inc. is covered by 20 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Mark Altschwager | Baird |
| Barbara Wyckoff | CLSA |