Nordstrom Reports Narrowed Losses and Higher Sales in Q1 2024

Friday, 31 May 2024, 13:58

Fashion retailer Nordstrom, Inc. (NYSE: JWN) announced its first-quarter 2024 results, revealing a 5.1% increase in net sales and a narrower net loss. Total company comparable sales rose by 3.8% annually. The positive growth in sales indicates improving performance for Nordstrom in the first quarter of 2024.
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Nordstrom Reports Narrowed Losses and Higher Sales in Q1 2024

Earnings Summary

Fashion retailer Nordstrom, Inc. (NYSE: JWN) has announced operating results for the first quarter of 2024, reporting higher sales and a narrower net loss. Net sales increased 5.1% year-over-year to $3.22 billion in the first quarter of 2024 from $3.06 billion a year earlier. Total company comparable sales increased 3.8% annually during the three months.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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