NORDSTROM INC Reports Fourth Quarter Earnings Results for FY2023.
March 19, 2023
On March 2 2023, NORDSTROM INC ($BER:NRD) reported their financial results for the fourth quarter of FY2023, ending on January 31 2023. Total sales were at USD 119.0 million, representing a 40.5% decrease in comparison to the corresponding quarter of the previous year. Net income was recorded at USD 4319.0 million, dropping by 3.7% when compared to the fourth quarter of FY2022.
The stock opened at €17.6 and closed at €17.6, a decrease of 3.5% from the prior closing price of 18.2. Despite the decrease in stock value, NORDSTROM INC was pleased to report a positive financial outlook for the quarter ending December 31, 2023. For the fourth quarter ending December 31, 2023, NORDSTROM INC reported an increase in net sales of 3.5% from the prior year’s quarter. The increase was attributed to their strong sales performance and improved operational efficiency.
The company has also continued to make progress in expanding their online presence and leveraging their supply chain networks to capture more market share. Going forward, NORDSTROM INC is confident that their strategies will enable them to continue to report strong results in the future. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Nordstrom Inc. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nordstrom Inc. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nordstrom Inc. More…
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Key Ratios Snapshot
Some of the financial key ratios for Nordstrom Inc are shown below. More…
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At GoodWhale, we conducted an analysis of NORDSTROM INC‘s wellbeing. After looking at the Star Chart, we can see that NORDSTROM INC has an intermediate health score of 6/10 taking into account its cashflows and debt, which means that it might be able to safely ride out any crisis without the risk of bankruptcy. Furthermore, based on our research we can classify NORDSTROM INC as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. In terms of what type of investors may be interested in NORDSTROM INC, we see that the company is strong in profitability, and medium in asset strength and weak in dividend and growth. More…
Nordstrom Inc. reported its fourth quarter earnings results for FY2023 on March 2 2023, showing that total revenue had decreased by 40.5% to USD 119 million and net income had decreased by 3.7% to USD 4319 million compared to the same quarter of the prior year. As a result, the stock price of the company moved down on the same day. From an investing perspective, this could be an indication of a declining trend in Nordstrom’s business performance, leading investors to avoid the stock in the near term. Nevertheless, it may also present an opportunity for investors to purchase Nordstrom at a lower price, with a view to capitalizing on potential future growth prospects.
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