Nordstrom Reports Holiday Sales, Updates Outlook
Nordstrom (NYSE: JWN) reported strong holiday sales performance, with total Company net sales increasing 4.9% and comparable sales rising 5.8% for the nine-week holiday period ended January 4, 2025. The Nordstrom banner saw net sales growth of 3.7% with comparable sales up 6.5%, while Nordstrom Rack banner achieved 7.4% net sales growth with 4.3% comparable sales increase.
Based on these results, the company has raised its fiscal 2024 outlook. Revenue growth is now expected at 1.5-2.5% (including retail sales and credit card revenues) versus fiscal 2023, up from previous guidance of flat to 1.0% growth. Comparable sales growth forecast has been increased to 2.5-3.5% versus the prior outlook of 1.0-2.0%. The company will report detailed Q4 and full-year 2024 results on March 4, 2025.
Nordstrom (NYSE: JWN) ha riportato una forte performance nelle vendite durante le festività, con un aumento delle vendite nette totali del 4,9% e un incremento delle vendite comparabili del 5,8% per il periodo festivo di nove settimane terminato il 4 gennaio 2025. Il marchio Nordstrom ha registrato una crescita delle vendite nette del 3,7% con vendite comparabili in aumento del 6,5%, mentre il marchio Nordstrom Rack ha conseguito una crescita delle vendite nette del 7,4% con un incremento delle vendite comparabili del 4,3%.
Basandosi su questi risultati, l'azienda ha rivisto al rialzo le sue previsioni per l'anno fiscale 2024. La crescita dei ricavi è ora attesa tra l'1,5% e il 2,5% (inclusi le vendite al dettaglio e i ricavi dalle carte di credito) rispetto all'anno fiscale 2023, rispetto alla precedente indicazione di una crescita piatta fino all'1,0%. La previsione di crescita delle vendite comparabili è stata aumentata al 2,5-3,5% rispetto alla precedente stima dell'1,0-2,0%. L'azienda presenterà i risultati dettagliati del quarto trimestre e dell'intero anno 2024 il 4 marzo 2025.
Nordstrom (NYSE: JWN) reportó un fuerte desempeño en ventas durante las festividades, con un aumento del 4,9% en las ventas netas totales y un incremento del 5,8% en las ventas comparables para el período festivo de nueve semanas que finalizó el 4 de enero de 2025. La marca Nordstrom vio un crecimiento en ventas netas del 3,7% con un aumento del 6,5% en las ventas comparables, mientras que la marca Nordstrom Rack logró un crecimiento de ventas netas del 7,4% con un incremento del 4,3% en las ventas comparables.
Con base en estos resultados, la empresa ha elevado sus pronósticos para el año fiscal 2024. Se espera que el crecimiento de los ingresos oscile entre el 1,5% y el 2,5% (incluidas las ventas minoristas y los ingresos por tarjetas de crédito) en comparación con el año fiscal 2023, en aumento desde la guía previa de un crecimiento plano hasta el 1,0%. La previsión de crecimiento de las ventas comparables ha sido elevada al 2,5-3,5% en comparación con la perspectiva anterior del 1,0-2,0%. La empresa informará sobre los resultados detallados del cuarto trimestre y del año completo 2024 el 4 de marzo de 2025.
Nordstrom (NYSE: JWN)는 강력한 홀리데이 판매 실적을 보고하였으며, 2025년 1월 4일로 종료된 9주 홀리데이 기간 동안 회사의 총 순판매는 4.9% 증가하고, 비교 가능한 판매는 5.8% 증가했습니다. Nordstrom 브랜드는 순판매가 3.7% 증가하고 비교 가능한 판매는 6.5% 증가한 반면, Nordstrom Rack 브랜드는 순판매가 7.4% 증가하고 비교 가능한 판매가 4.3% 증가했습니다.
이 결과를 바탕으로, 회사는 2024 회계연도 전망을 상향 조정했습니다. 매출 성장률은 이제 2023 회계연도 대비 1.5%-2.5%로 예상되며, 이전의 플랫에서 1.0% 성장 전망에서 상향 조정되었습니다. 비교 가능한 판매 성장 전망은 이전의 1.0%-2.0%에서 2.5%-3.5%로 상향 조정되었습니다. 회사는 2024년 4분기 및 연간 실적에 대한 세부 사항을 2025년 3월 4일에 발표할 예정입니다.
Nordstrom (NYSE: JWN) a annoncé une forte performance de vente pendant la période des fêtes, avec une augmentation de 4,9% des ventes nettes totales et une hausse de 5,8% des ventes comparables pour la période de vacances de neuf semaines se terminant le 4 janvier 2025. La marque Nordstrom a connu une croissance des ventes nettes de 3,7% avec une augmentation des ventes comparables de 6,5%, tandis que la marque Nordstrom Rack a atteint une croissance des ventes nettes de 7,4% avec une hausse de 4,3% des ventes comparables.
Sur la base de ces résultats, l'entreprise a rehaussé ses prévisions pour l'exercice 2024. La croissance des revenus est maintenant attendue entre 1,5% et 2,5% (y compris les ventes au détail et les revenus par carte de crédit) par rapport à l'exercice 2023, en hausse par rapport aux prévisions précédentes de croissance stable à 1,0%. La prévision de croissance des ventes comparables a été augmentée à 2,5-3,5% par rapport à la prévision précédente de 1,0-2,0%. L'entreprise fera rapport des résultats détaillés du quatrième trimestre et de l'année complète 2024 le 4 mars 2025.
Nordstrom (NYSE: JWN) hat eine starke Verkaufsleistung in der Feiertagssaison gemeldet, mit einem Anstieg der gesamten Nettoumsätze um 4,9% und einem Anstieg der vergleichbaren Umsätze um 5,8% für den neunteiligen Feiertagszeitraum, der am 4. Januar 2025 endete. Die Nordstrom-Marke verzeichnete ein Nettoumsatzwachstum von 3,7% mit einem Anstieg der vergleichbaren Umsätze um 6,5%, während die Nordstrom Rack-Marke ein Nettoumsatzwachstum von 7,4% und einen Anstieg der vergleichbaren Umsätze von 4,3% erzielte.
Basierend auf diesen Ergebnissen hat das Unternehmen seine Prognose für das Geschäftsjahr 2024 angehoben. Das Umsatzwachstum wird nun mit 1,5-2,5% (einschließlich Einzelhandelsumsätze und Kreditkartenumsätze) im Vergleich zum Geschäftsjahr 2023 erwartet, was eine Erhöhung gegenüber der vorherigen Prognose von unverändert bis 1,0% darstellt. Die Prognose für das Wachstum der vergleichbaren Umsätze wurde auf 2,5-3,5% angehoben im Vergleich zur vorherigen Schätzung von 1,0-2,0%. Das Unternehmen wird am 4. März 2025 detaillierte Ergebnisse für das vierte Quartal und das Gesamtjahr 2024 bekannt geben.
- Total company net sales increased 4.9% during holiday period
- Comparable sales grew 5.8% during holiday period
- Nordstrom Rack banner net sales increased 7.4%
- Company raised full-year revenue growth guidance to 1.5-2.5%
- Increased comparable sales growth forecast to 2.5-3.5%
- 135 basis point unfavorable impact expected from 53rd week
Insights
Nordstrom's holiday performance reveals a compelling turnaround story, with total comparable sales growth of
The comparable sales growth projection upgrade to
The holiday results underscore a significant shift in consumer behavior and retail dynamics. Despite persistent inflation concerns, Nordstrom's performance indicates robust consumer spending in both full-price and off-price segments. The stronger-than-expected sales growth, particularly in the Rack division, suggests effective positioning in the value-conscious market segment while maintaining brand integrity in the core business.
The company's ability to navigate the promotional environment while protecting margins points to sophisticated pricing algorithms and inventory management. The 135 basis point adjustment for the 53rd week provides transparency in year-over-year comparisons. Looking ahead, the maintained profitability guidance alongside increased sales projections signals potential operating leverage benefits, which could positively impact earnings quality.
"As a result of our efforts to remain competitive in the promotional environment and the strength of our offering, our holiday sales in November and December exceeded the expectations we shared during our most recent earnings call," said Erik Nordstrom, chief executive officer of Nordstrom, Inc. "For the full year, we're raising our topline outlook and reaffirming our profitability guidance."
Based on holiday results, the Company has updated its fiscal 2024 outlook. The Company now expects revenue growth, including retail sales and credit card revenues, of 1.5 to 2.5 percent versus the 53-week fiscal 2023, which includes an approximately 135 basis point unfavorable impact from the 53rd week, compared with its prior outlook of flat to 1.0 percent growth. Additionally, the Company expects comparable sales growth of 2.5 to 3.5 percent versus 52 weeks in fiscal 2023, compared with its prior outlook of 1.0 to 2.0 percent growth.
The Company is scheduled to report its fourth quarter and full-year 2024 financial results after the close of the financial markets on March 4, 2025. Additional detail on the Company's financial performance will be provided at that time.
ABOUT NORDSTROM
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.
Certain statements in this press release contain or may suggest "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. The words "will," "may," "designed to," "outlook," "believes," "should," "targets," "anticipates," "assumptions," "plans," "expects" or "expectations," "intends," "estimates," "forecasts," "guidance" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address such future events or expectations are forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024, our Form 10-Q for the fiscal quarter ended May 4, 2024, our Form 10-Q for the fiscal quarter ended August 3, 2024 and our Form 10-Q for the fiscal quarter ended November 2, 2024. In addition, forward-looking statements contained in this release may be impacted by the actual outcome of events or occurrences related to the Company's entry into an Agreement and Plan of Merger dated December 22, 2024, which, if consummated, would result in the Company ceasing to be a publicly traded corporation. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances. In addition, the actual timing, price, manner and amounts of future share repurchases, if any, will be subject to the discretion of our board of directors, contractual commitments, market and economic conditions and applicable Securities and Exchange Commission rules. This press release includes references to websites, website addresses and additional materials, including reports and blogs, found on those websites. The content of any websites and materials named, hyperlinked or otherwise referenced in this press release are not incorporated by reference into this press release or in any other report or document we file with the SEC, and any references to such websites and materials are intended to be inactive textual references only. The information on those websites is not part of this press release.
INVESTOR CONTACT: | James Duies | |
Nordstrom, Inc. | ||
MEDIA CONTACT: | Grace Stearns | |
Nordstrom, Inc. | ||
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SOURCE Nordstrom, Inc.
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