Nordstrom reports Q2 EPS 90c, consensus 75c - InvestingChannel

Nordstrom reports Q2 EPS 90c, consensus 75c

Reports Q2 revenue $3.78B, consensus $3.93B. “We delivered strong bottom-line results, demonstrating our inventory and expense discipline. We exited the quarter in a favorable inventory position and made important strides in productivity,” said Erik Nordstrom, co-president, Nordstrom, Inc. “We’re focused on driving our top-line, and while this can take time, we are confident in our ability to manage through cycles. We remain encouraged by our key initiatives, including our local market strategy, and are making good progress on key areas of focus that we believe will collectively drive increased value creation for our shareholders