More Consumer Sector Earnings Results for August 7–11, 2017
Nordstrom’s fiscal 2Q17 results
Seattle-based fashion specialty retailer Nordstrom (JWN) announced its fiscal 2Q17 results after the markets closed on August 10, 2017. EPS (earnings per share) fell 3.0% YoY (year-over-year) to $0.65. However, it surpassed the estimate of $0.64. Revenue, on the other hand, rose 3.9% YoY to $3.79 billion. It surpassed analysts’ consensus estimate of $3.75 billion. Comparable sales rose 1.7% compared to the year-ago quarter.
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Other consumer sector earnings
Wendy’s (WEN) announced its fiscal 2Q17 results on August 9, 2017. It posted revenues of $320.3 million, which represents a fall of 16.3% YoY. Adjusted EPS rose drastically by 50.0% to $0.15 in fiscal 2Q17 from $0.10 in fiscal 2Q16. Revenue and EPS were both higher than analysts’ estimates of $301.8 million and $0.13, respectively.
New York–based media company News Corporation (NWS) (NWSA) announced its fiscal 4Q17 results after the markets closed on August 10, 2017. Its EPS of $0.11 was 10.0% higher than fiscal 4Q16 and 22.0% higher than the consensus estimate. However, its revenue fell 6.6% to $2.1 billion compared to $2.2 billion in 4Q16. Its revenue slightly missed the estimate by 1.1%.
JCPenney (JCP) announced its fiscal 2Q17 results before the markets opened on August 11, 2017. It posted a loss of $0.09 per share (on an adjusted basis) compared to a loss of $0.05 in fiscal 2Q16. Revenues were $3.0 billion, which was a rise of 1.5% compared to fiscal 2Q16 and higher than analysts’ estimate of $2.8 billion.