Nordstrom (JWN) PT Lowered to $40 at Nomura/Instinet Following 1Q
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Nordstrom Reports First Quarter 2019 Earnings
May 21, 2019 4:05 PM EDTSEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share for the first quarter ended May4, 2019 of $0.23. Total Company net sales decreased 3.5 percent for the first quarter. The Companys top-line results were impacted by three areas loyalty, digital marketing and merchandise which contributed to declines across its Full-Price and Off-Price businesses, in both stores and online.
While we expected softer trends from the fourth quarter to continue into the first quarter, we experienced a further deceleration. We had executional misses with our customers, and were committed to better... More
