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![NORDSTROM INC [JWN] reports annual net loss of $134.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FJWN.png&w=1200&q=75)
NORDSTROM INC [JWN] has reported a net loss of $134.0 million for year ended Feb 03, 2024.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $14.7 billion
Based in SEATTLE, Washington, NORDSTROM INC operates in the RETAIL sector.
In the 12 months ended February 3, 2024, the company reported a decrease in net sales to $14.22 million from $15.09 million in the previous year, indicating a decline in revenue. However, total revenues also decreased to $14.69 million from $15.53 million in the same period.
Cost of sales and related buying and occupancy costs decreased to $9.30 million from $10.02 million, while selling, general, and administrative expenses decreased to $4.85 million from $5.05 million. Additionally, Canada wind-down costs were reported at $0.28 million for the current period.
Earnings before interest and income taxes decreased to $0.25 million from $0.46 million in the previous year. Interest expense, net also decreased to $0.10 million from $0.13 million, resulting in earnings before income taxes of $0.15 million compared to $0.34 million in the previous period.
Income tax expense decreased to $0.01 million from $0.09 million, resulting in net earnings of $0.13 million for the current period, down from $0.24 million in the previous year.
Basic earnings per share decreased to $0.83 from $1.53, while diluted earnings per share also decreased to $0.82 from $1.51. The weighted-average shares outstanding for basic and diluted earnings per share increased slightly compared to the previous year.
Overall, the company experienced a decrease in revenue, earnings, and earnings per share in the current reporting period compared to the same period in the previous year.
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