{"id":210471,"date":"2024-03-05T22:31:41","date_gmt":"2024-03-05T22:31:41","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/05\/nordstrom-shares-fall-on-disappointing-forecast\/"},"modified":"2025-06-25T17:21:12","modified_gmt":"2025-06-25T17:21:12","slug":"nordstrom-shares-fall-on-disappointing-forecast","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/05\/nordstrom-shares-fall-on-disappointing-forecast\/","title":{"rendered":"Nordstrom shares fall on disappointing forecast"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.mktw.net\/im-95019627\" \/><\/p>\n<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0003067867\" role=\"document\">\n<p>Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain\u2019s full-year forecast disappointed investors. <\/p>\n<p>The company said it expected full-year same-store sales within a range of down 1% to up 2%, compared with FactSet forecasts for a 1.4% gain. <\/p>\n<p>Nordstrom shares<br \/>\n        <a data-track-hover=\"QuotePeek\" data-charting-symbol=\"STOCK\/US\/XNYS\/JWN\" class=\"qt-chip positive\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/JWN?mod=MW_story_quote\" target=\"_blank\" rel=\"noopener\">JWN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203902116\/composite\" class=\"positive\">+1.55%<\/bg-quote><\/a><br \/>\n       fell 9.2%. <\/p>\n<div class=\"paywall\">\n<p>Management, during the company\u2019s earnings call, said consumers were still cautious as they deal with inflation, higher interest rates and the return of student-loan payments. <\/p>\n<p>For its fourth quarter, Nordstrom reported net income of $134 million, or 82 cents a share. Excluding a \u201ca supply-chain asset impairment and related charge,\u201d Nordstrom earned 96 cents a share. Sales were $4.42 billion, up from $4.32 billion in the same quarter that ended last year. <\/p>\n<p>Analysts polled by FactSet expected adjusted earnings per share of 88 cents, on revenue of $4.38 billion. <\/p>\n<p>Active wear, beauty products and women\u2019s clothing had the strongest year-over-year growth in the fourth quarter, the company said. <\/p>\n<p>\u201cWe\u2019re laser-focused on efforts we know will drive growth and profitability across the business over the next few years, including new Rack store openings,\u00a0Nordstrom\u00a0digital growth and increasing comp store sales,\u201d Chief Executive Erik Nordstrom said in a statement. <\/p>\n<\/p><\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.marketwatch.com\/story\/nordstrom-shares-fall-on-disappointing-forecast-a21b5f47?mod=mw_rss_topstories\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain\u2019s full-year forecast disappointed investors. The company said it expected full-year same-store<\/p>\n","protected":false},"author":1,"featured_media":210472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[164],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210471"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=210471"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210471\/revisions"}],"predecessor-version":[{"id":340042,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210471\/revisions\/340042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/210472"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=210471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=210471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=210471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}