Nordstrom, Inc. (JWN), a leading fashion company, is set to report its third quarter 2023 financial results after the market closes. Analysts expect the company’s revenue and EPS for the quarter (ended October 2023) to decline 3.6% and 35.4% year-over-year to $3.42 billion and $0.13, respectively. JWN has been witnessing decelerating inflation due to dampened consumer spending.
However, JWN reported a beat on top and bottom lines in the second quarter of fiscal year 2023. The fashion retailer posted second-quarter revenue of $3.77 billion, compared to analysts’ estimate of $3.69 billion. Its EPS came in at $0.84, above the consensus estimate of $0.47.
