NORDSTROM Reports Fourth Quarter Earnings for Fiscal Year 2023 on January 31, 2023
March 19, 2023
Earnings Overview
NORDSTROM ($NYSE:JWN) reported their fiscal year 2023 fourth quarter earnings results on January 31, 2023. Total revenue for the quarter was USD 119.0 million, a 40.5% decrease from the same quarter of the previous year. Net income for the quarter totaled USD 4319.0 million, a 3.7% decrease year-over-year.
Price History
The company’s stock opened the day at $19.3 and closed at the same price, up by 1.7% from the previous closing price of $19.0. NORDSTROM‘s fourth quarter earnings of fiscal year 2023 were seen as optimistic and reflects the company’s growing profitability. These positive results once again demonstrate the strength and stability of NORDSTROM as a business. The company continues to invest in technology and its e-commerce platform to further expand its customer base and sales. As a result, NORDSTROM has become one of the most successful companies in the retail industry and is on track to continue to be profitable in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nordstrom. More…
| Total Revenues | Net Income | Net Margin |
| 15.53k | 245 | 1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nordstrom. More…
| Operations | Investing | Financing |
| 946 | -393 | -186 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nordstrom. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.74k | 8.01k | 4.62 |
Key Ratios Snapshot
Some of the financial key ratios for Nordstrom are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | -16.0% | 3.1% |
| FCF Margin | ROE | ROA |
| 3.0% | 44.1% | 3.4% |
Analysis
GoodWhale conducted an analysis of NORDSTROM‘s wellbeing, and our findings are summarized in the Star Chart. According to the chart, NORDSTROM is strong in profitability, medium in asset and weak in dividend and growth. We classified NORDSTROM as an ‘elephant’ – a type of company that is rich in assets after deducting off liabilities. Investors interested in such companies may be value investors, dividend investors, or those interested in asset-rich companies. We also determined NORDSTROM to have an intermediate health score of 6/10. This score takes into account the company’s cashflows and debt, and indicates that NORDSTROM is likely to sustain future operations in times of crisis. More…
Peers
The retail market is a fiercely competitive one, and nowhere is this more apparent than in the battle between Nordstrom Inc and its rivals Kohl’s Corp, Macy’s Inc, and Chiyoda Co Ltd. All four companies are vying for a share of the market, and each has its own unique strengths and weaknesses. Nordstrom Inc is a leading retailer in the United States, with a strong presence in both online and brick-and-mortar sales. Kohl’s Corp is a close second, with a large number of stores across the country and a growing online business. Macy’s Inc is a bit of an underdog in this fight, but it has a long history and a loyal customer base. Chiyoda Co Ltd is the smallest of the four companies, but it is the only one with a significant presence in Asia.
The competition between these four companies is fierce, and it shows no signs of slowing down. Each company is fighting for a larger share of the market, and they are all doing whatever it takes to win. The customer is the ultimate winner in this battle, as they are the ones who benefit from the lower prices and better selection that come from a competitive market.
– Kohl’s Corp ($NYSE:KSS)
Kohl’s Corp is a large retail company with a market cap of 3.37B as of 2022. The company has a Return on Equity of 16.46%. Kohl’s Corp is a retailer that operates primarily in the United States. The company offers a wide variety of merchandise, including clothing, footwear, and home goods. Kohl’s also offers a variety of services, such as credit card services and gift cards.
– Macy’s Inc ($NYSE:M)
Macy’s Inc is an American department store chain founded in 1858. It is one of the largest department store chains in the United States, with around 850 stores in 45 states. Macy’s Inc has a market cap of $5.14B as of 2022 and a Return on Equity of 40.81%. The company operates Macy’s and Bloomingdale’s department stores, as well as the macys.com and bloomingdales.com websites. Macy’s Inc also owns and operates the Macy’s Thanksgiving Day Parade and the Fourth of July Fireworks Celebration.
– Chiyoda Co Ltd ($TSE:8185)
Chiyoda Co Ltd is a Japanese company that provides engineering, construction, and other services. The company has a market capitalization of 25.03 billion as of 2022 and a return on equity of -2.63%. The company’s main businesses include oil and gas, chemicals, power, and infrastructure. Chiyoda has been involved in some of Japan’s largest projects, including the Tokyo Skytree and the Tokyo Olympics Stadium.
Summary
Investors are closely watching Nordstrom‘s performance as the company reported their earnings results for the fourth quarter of their fiscal year 2023. Total revenue decreased 40.5% compared to the same quarter in the prior year, while net income decreased 3.7%. While this may be concerning for some investors, Nordstrom has many strategies in place to turn the situation around, such as reprioritizing existing investments, streamlining operations, and introducing new products and services. Nordstrom’s long-term potential is worth monitoring as its performance could have a significant impact on the stock price.
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