Nordstrom Reports Strong Profit in Q2 Earnings Update

Nordstrom, Inc. [JWN] reported a net profit of $122 million in the second quarter ending on August 3, 2024. This represents a decrease from the previous quarter's net profit of $137 million.

The company, headquartered in Seattle, Washington, reported to SEC in an 8-K filing $0.72 earnings per share in the quarter, compared to $0.84 in the previous quarter.

Nordstrom, a prominent retailer in the industry sector, reported a revenue of $3.785 billion in the recent period. This represented a 3.4% increase from the previous period's revenue.

In comparison to the same quarter in the previous year, Nordstrom's revenue for the current quarter increased by 1.5%, amounting to $3.785 billion. The net profit for the current quarter also experienced a notable increase, rising by 46.3% compared to the same quarter of the previous year.