Retailer Nordstrom Inc (NYSE:JWN) reported financial results after market close Tuesday. Here are the highlights.
What Happened: Nordstrom reported fourth-quarter sales of $4.38 billion, up 23% year-over-year, which beat the consensus estimate of $4.35 billion according to Benzinga Pro. Full fiscal year net sales of $14.4 billion were up 38% year-over-year.
The company reported earnings per share of $1.23, beating a street estimate of $1.02.
Nordstrom reported digital sales growth of 23% versus the fourth quarter of 2019.
Sales across categories of home, active, designer, beauty and kids were cited as seeing strong growth in the quarter.
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What’s Next: Nordstrom is guiding for fiscal 2022 earnings per share to come in a range of $3.15 to $3.50.
The company sees 2022 revenue increasing 5% to 7%.
The company said its three primary focus areas are improving: Nordstrom Rack performance, increasing profitability, and optimizing supply chain and inventory flow.
JWN Price Action: Nordstrom shares are up 38% to $27.03 at the time of writing.
