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Benzinga
Benzinga
Business
Akanksha Bakshi

Why Nordstrom Stock Is Rising Afterhours Today

Nordstrom JWN NYSE GMV

Nordstrom, Inc. (NYSE:JWN) reported first-quarter sales growth of 18.6% year-over-year to $3.57 billion, beating the consensus of $3.28 billion. GMV increased 19.6Y Y/Y; Nordstrom banner net sales increased 23.5%, and GMV increased 24.8% Y/Y.

Digital sales were flat compared with 2021 as customers increasingly chose to shop in-store. Digital sales represented 39% of total sales in Q1.

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