Nordstrom's Q4 2023 Earnings Report Highlights and Financial Outlook

Friday, 8 March 2024, 14:28

The fashion retailer Nordstrom, Inc. (NYSE: JWN) released its operating results for Q4 2023. Key highlights include an increase in net earnings to $134 million, a rise in net sales to $4.29 billion, a 2% annual growth in Gross Merchandise Value, and a 125 basis points improvement in gross profit margin.

https://store.livarava.com/5bc6ccfe-dd58-11ee-b8d9-5254a2021b2b.jpe — Nordstrom's Q4 2023 Earnings Report Highlights and Financial Outlook

Earnings Summary: Highlights of Nordstrom’s (JWN) Q4 2023 report

Fashion retailer Nordstrom, Inc. (NYSE: JWN) has reported operating results for the fourth quarter of 2023. The company's management revealed its financial outlook for fiscal 2024.

Key Takeaways:

Net Earnings: Increased to $134 million or $0.82 per share
Net Sales: Edged up to $4.29 billion
Gross Merchandise Value: Grew 2% annually
Digital Sales: Represented 38% of total sales, down 1.7% YoY
Gross Profit Margin: Improved to 34.4% in Q4

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.

Earnings Summary: Highlights of Nordstrom’s (JWN) Q4 2023 report

Key Takeaways:

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