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Nordstrom Reports Strong Profit in Q2 Earnings Update

By USinMinutes - Aug 27, 2024, 04:38 PM ET

Last Updated - Aug 27, 2024, 06:48 PM EDT

Nordstrom Reports Strong Profit in Q2 Earnings Update

Solid Revenue Growth of 3.4% for Nordstrom in Q2 2024 Earnings Update

Nordstrom, Inc. [JWN] reported a net profit of $122 million in the second quarter ending on August 3, 2024. This represents a decrease from the previous quarter's net profit of $137 million.

The company, headquartered in Seattle, Washington, reported to SEC in an 8-K filing $0.72 earnings per share in the quarter, compared to $0.84 in the previous quarter.

Nordstrom, a prominent retailer in the industry sector, reported a revenue of $3.785 billion in the recent period. This represented a 3.4% increase from the previous period's revenue.

In comparison to the same quarter in the previous year, Nordstrom's revenue for the current quarter increased by 1.5%, amounting to $3.785 billion. The net profit for the current quarter also experienced a notable increase, rising by 46.3% compared to the same quarter of the previous year.

Nordstrom Inc [JWN]

21.67 (-0.09)

Dollars in millions
	May 04, 2024	Feb 03, 2024	Oct 28, 2023	Jul 29, 2023
Income Statement
Revenue	$3,335.0	$14,693.0	$3,320.0	$3,772.0
Operating Profit	-$21.0	$251.0	$102.0	$192.0
Net Income	-$39.0	$134.0	$67.0	$137.0
Net Cash	-$200.0	-$59.0	-$312.0	$198.0
Gross Margin	$5,538.0	$23,996.0	$5,400.0	$6,152.0
Operating Margin	-$0.0	$0.0	$0.0	$0.0
Profit as % of Revenues	-14200.00	163.32	162.65	163.10
Profit as % of Assets	-0.66	1.56	0.75	1.56
Profit as % of Stockholder Equity	-4.67	15.80	9.19	20.33
Return on Equity	-4.67	15.80	9.19	20.33
Return on Assets	-0.46	1.59	0.74	1.56
Turnover Ratio	56.47	1.71	0.37	0.43
Balance Sheet
Total Assets	$8,476.0	$8,444.0	$9,013.0	$8,801.0
Total Liabilities	$7,640.0	$7,596.0	$8,284.0	$8,127.0
Cash Flow Statement
Operating Cash Flow	$139.0	$621.0	$107.0	$465.0
Investing Cash Flow	-$82.0	-$571.0	-$376.0	-$229.0
Financing Cash Flow	-$257.0	-$109.0	-$43.0	-$38.0

Read the full filing

Related News:

Solid Revenue Growth of 3.4% for Nordstrom in Q2 2024 Earnings Update

Nordstrom, Inc. [JWN] reported a net profit of $122 million in the second quarter ending on August 3, 2024. This represents a decrease from the previous quarter's net profit of $137 million.

The company, headquartered in Seattle, Washington, reported to SEC in an 8-K filing $0.72 earnings per share in the quarter, compared to $0.84 in the previous quarter.

Nordstrom, a prominent retailer in the industry sector, reported a revenue of $3.785 billion in the recent period. This represented a 3.4% increase from the previous period's revenue.

Nordstrom Inc [JWN]

21.67 (-0.09)

Dollars in millions
	May 04, 2024	Feb 03, 2024	Oct 28, 2023	Jul 29, 2023
Income Statement
Revenue	$3,335.0	$14,693.0	$3,320.0	$3,772.0
Operating Profit	-$21.0	$251.0	$102.0	$192.0
Net Income	-$39.0	$134.0	$67.0	$137.0
Net Cash	-$200.0	-$59.0	-$312.0	$198.0
Gross Margin	$5,538.0	$23,996.0	$5,400.0	$6,152.0
Operating Margin	-$0.0	$0.0	$0.0	$0.0
Profit as % of Revenues	-14200.00	163.32	162.65	163.10
Profit as % of Assets	-0.66	1.56	0.75	1.56
Profit as % of Stockholder Equity	-4.67	15.80	9.19	20.33
Return on Equity	-4.67	15.80	9.19	20.33
Return on Assets	-0.46	1.59	0.74	1.56
Turnover Ratio	56.47	1.71	0.37	0.43
Balance Sheet
Total Assets	$8,476.0	$8,444.0	$9,013.0	$8,801.0
Total Liabilities	$7,640.0	$7,596.0	$8,284.0	$8,127.0
Cash Flow Statement
Operating Cash Flow	$139.0	$621.0	$107.0	$465.0
Investing Cash Flow	-$82.0	-$571.0	-$376.0	-$229.0
Financing Cash Flow	-$257.0	-$109.0	-$43.0	-$38.0

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Nordstrom Reports Strong Profit in Q2 Earnings Update

Solid Revenue Growth of 3.4% for Nordstrom in Q2 2024 Earnings Update

Income Statement

Balance Sheet

Cash Flow Statement

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