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Feb 01
Nordstrom Q4 2024 Earnings Report
Nordstrom reported revenue growth across segments with strong EBIT margin expansion in Q4 2024.
Key Takeaways
Nordstrom, Inc. (NYSE: JWN) reported fourth-quarter net earnings of $165 million, or $0.97 per diluted share. Adjusted earnings per share (EPS) came in at $1.10. Total revenue reached $4.323 billion, with a comparable sales increase of 4.7%. Operating income stood at $242 million, while adjusted EBIT was $273 million. The company highlighted strong customer response and momentum across its business segments.
Total revenue of $4.323 billion, with a 4.7% comparable sales increase.
Adjusted EPS of $1.10, exceeding prior expectations.
Operating income of $242 million and adjusted EBIT of $273 million.
Nordstrom Rack sales increased 1.2%, while Nordstrom banner sales decreased 3.7%.
Nordstrom
Nordstrom
Nordstrom Revenue by Segment
Revenue by Segment
Nordstrom Revenue
CapyFin.comNordstrom Rack Revenue
CapyFin.com Forward Guidance
Nordstrom did not provide fiscal 2025 financial outlook due to a pending merger transaction.
Positive Outlook
- Momentum in comparable sales across banners.
- Strong gross margin improvement due to merchandise margin expansion.
- Continued investment in digital sales, now representing 38% of total revenue.
- Customer demand for core product categories remains strong.
- Strength in holiday performance and inventory positioning.
Challenges Ahead
- Lower total company net sales due to comparison with a 53-week fiscal 2023.
- Higher SG&A expenses driven by labor costs and technology investments.
- Privatization fees and accelerated depreciation charges impacted margins.
- Ongoing restructuring and CFO transition could create short-term instability.
- Pending privatization deal may impact investor visibility and stock performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income