Stock Story - Luxury department store chain Nordstrom (NYSE: JWN )reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 4.8% year on year to $3.34 billion.
It made a GAAP loss of $0.24 per share, improving from its loss of $1.27 per share in the same quarter last year.
Is now the time to buy Nordstrom? Find out by reading the original article on StockStory, it's free . Nordstrom (JWN) Q1 CY2024 Highlights: Revenue: $3.34 billion vs analyst estimates of $3.
20 billion (4.3% beat) Gross Margin (GAAP): 33.9%, down from 36.
2% in the same quarter last year (meaningful miss vs. expectations of 35.5%) EPS (non-GAAP): -$0.
24 vs analyst estimates of -$0.07 (-$0.17 miss) Free Cash Flow of $48 million is up from -$90 million in the same quarter last year Locations: 365 at quarter end, up from 347 in the same quarter last year Market Capitalization: $3.
51 billion "The positive sales growth we saw across the company in the first quarter is very encouraging, and we're particularly excited about the progress that our Rack banner is making," said Erik Nordstrom, chief executive officer of Nordstrom, Known for its exceptional customer service that features a ‘no questions asked’ return policy, Nordstrom (NYSE:JWN) is a high-end department store chain. Department StoreDepartment stores emerged in the 19th century to provide customers with a wide variety of merchandise under one roof, offering a convenient and luxurious shopping experience. They played an important r.
