Upcoming third-quarter results
Nordstrom (JWN) investors are looking forward to the company’s results for the third quarter of fiscal 2018, which ended on November 3. The company plans to announce the results after the financial markets close on November 15. Nordstrom delivered strong results in the first two quarters of fiscal 2018. The company’s stock has surged 42.4% on a YTD basis as of November 6. Nordstrom stock has risen about 29% since the second-quarter results were declared in August.
On a YTD basis, the stocks of peers Macy’s (M) and Kohl’s (KSS) have risen 47.0% and 48.0%, respectively. However, JCPenney (JCP) stock is down 50.9% since the beginning of this year, as its dismal performance over the recent quarters has concerned investors.
Nordstrom exceeded analysts’ revenue and earnings expectations in the second quarter and also raised its guidance for full-year fiscal 2018. The company’s net sales growth in the second quarter was better than its major department store peers. Nordstrom’s strategy to offer compelling merchandise and an enhanced shopping experience is helping it deliver strong e-commerce sales and improved numbers across both its full-price and off-price businesses.
Nordstrom and other department stores are making several efforts to grow in an intensely competitive retail market where off-price retailers and online players are gaining strength rapidly.
In this series on Nordstrom’s upcoming third-quarter results, we’ll discuss the expectations for the company’s top line, margins, and earnings. We’ll also assess analysts’ recommendations for Nordstrom stock. Let’s take a closer look at analysts’ expectations from Nordstrom’s revenue in the next part of this series.