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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Nordstrom (JWN) Stock?

Nordstrom JWN Nordstrom Rack

Following a strong second-quarter performance, Nordstrom Inc (NYSE:JWN) will deliver insights into its third-quarter results Tuesday after-hours. In the second quarter, the company outperformed earnings expectations with EPS of $0.96, a 35.21% beat over the consensus estimate of $0.71, driven by strategic pricing and operational efficiencies.

What Happened: Although quarterly sales of $3.894 billion narrowly missed estimates, they represented a 3.23% year-over-year increase, with digital sales up 6.2% and notable growth in Nordstrom Rack's net sales (+8.8%).

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