Solid Revenue Growth of 3.4% for Nordstrom in Q2 2024 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.
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As of August 26, 2024 end of day trading.
Dollars in millions | May 04, 2024 | Feb 03, 2024 | Oct 28, 2023 | Jul 29, 2023 |
|---|
Income Statement |
| Revenue | $3,335.0 | $14,693.0 | $3,320.0 | $3,772.0 |
| Operating Profit | -$21.0 | $251.0 | $102.0 | $192.0 |
| Net Income | -$39.0 | $134.0 | $67.0 | $137.0 |
| Net Cash | -$200.0 | -$59.0 | -$312.0 | $198.0 |
| Gross Margin | $5,538.0 | $23,996.0 | $5,400.0 | $6,152.0 |
| Operating Margin | -$0.0 | $0.0 | $0.0 | $0.0 |
| Profit as % of Revenues | -14200.00 | 163.32 | 162.65 | 163.10 |
| Profit as % of Assets | -0.66 | 1.56 | 0.75 | 1.56 |
| Profit as % of Stockholder Equity | -4.67 | 15.80 | 9.19 | 20.33 |
| Return on Equity | -4.67 | 15.80 | 9.19 | 20.33 |
| Return on Assets | -0.46 | 1.59 | 0.74 | 1.56 |
| Turnover Ratio | 56.47 | 1.71 | 0.37 | 0.43 |
Balance Sheet |
| Total Assets | $8,476.0 | $8,444.0 | $9,013.0 | $8,801.0 |
| Total Liabilities | $7,640.0 | $7,596.0 | $8,284.0 | $8,127.0 |
Cash Flow Statement |
| Operating Cash Flow | $139.0 | $621.0 | $107.0 | $465.0 |
| Investing Cash Flow | -$82.0 | -$571.0 | -$376.0 | -$229.0 |
| Financing Cash Flow | -$257.0 | -$109.0 | -$43.0 | -$38.0 |
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