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Nordstrom | 10-Q: Q1 2025 Earnings Report

Nordstrom | 10-Q: Q1 2025 Earnings Report

諾德斯特龍 | 10-Q:2025財年一季報
美股SEC公告 ·  2024/06/07 20:49

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Nordstrom reported Q1 2024 net sales of $3.22 billion, up 5.1% year-over-year, with comparable sales increasing 3.8%. The Rack banner led growth with a 13.8% sales increase and 7.9% comparable sales gain. However, the company posted a net loss of $39 million or $0.24 per share, compared to a loss of $205 million in Q1 2023.Gross profit decreased $18 million to $1.02 billion as higher loyalty activity, reserves, and supply chain costs offset sales growth. The company maintained healthy inventory levels, with ending inventory down 6% versus last year. Digital sales represented 34.3% of total revenue, slightly down from 36.1% in the prior year.Looking ahead, Nordstrom expects fiscal 2024 total revenue to range between a 2% decline and 1% growth compared to 2023. The company retired its 2.30% senior notes due April 2024 using cash on hand and ended Q1 with $428 million in cash and $772 million available on its revolving credit facility. Management remains focused on driving profitable growth through Nordstrom banner expansion, operational optimization, and building momentum at the Rack.
Nordstrom reported Q1 2024 net sales of $3.22 billion, up 5.1% year-over-year, with comparable sales increasing 3.8%. The Rack banner led growth with a 13.8% sales increase and 7.9% comparable sales gain. However, the company posted a net loss of $39 million or $0.24 per share, compared to a loss of $205 million in Q1 2023.Gross profit decreased $18 million to $1.02 billion as higher loyalty activity, reserves, and supply chain costs offset sales growth. The company maintained healthy inventory levels, with ending inventory down 6% versus last year. Digital sales represented 34.3% of total revenue, slightly down from 36.1% in the prior year.Looking ahead, Nordstrom expects fiscal 2024 total revenue to range between a 2% decline and 1% growth compared to 2023. The company retired its 2.30% senior notes due April 2024 using cash on hand and ended Q1 with $428 million in cash and $772 million available on its revolving credit facility. Management remains focused on driving profitable growth through Nordstrom banner expansion, operational optimization, and building momentum at the Rack.
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