Reports Q4 revenue $4.32B, consensus $4.34B. For the fourth quarter ended January 28, net sales decreased 4.1% versus the same period in fiscal 2021 and gross merchandise value, or "GMV," decreased 4.2%. Nordstrom banner net sales decreased 2.4% and GMV decreased 2.5% compared with the fourth quarter of 2021. Net sales for Nordstrom Rack decreased 8.1%.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on JWN:
- Nordstrom Reports Fourth Quarter 2022 Earnings, Announces Wind-Down of Canadian Business
- Nordstrom options imply 8.3% move in share price post-earnings
- Nordstrom Board of Directors Approves Quarterly Dividend
- Nordstrom call volume above normal and directionally bullish
- Nordstrom price target raised to $20 from $17 at Citi
