Financial PerformanceNordstrom reported adjusted 2Q24 earnings per share of $0.96, which was above the market expectation of $0.71, driven by favorable gross margin expansion.
Sales GrowthSales growth of 5% was led by Rack, with sales up 11% and comparable sales up 4%.
Take-Private ProposalThe company received a going-private transaction proposal from the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V., indicating plans to acquire all shares of the company for $23 per share in cash.