Nordstrom Inc. Earnings Cheat Sheet: Profits Climb By Double Figures Again

S&P 500 (NYSE:SPY) component Nordstrom Inc. (NYSE:JWN) reported net income above Wall Street’s expectations for the second quarter. Nordstrom Inc. is a fashion retailer offering designer, luxury and quality apparel, shoes, cosmetics and accessories.

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Nordstrom Earnings Cheat Sheet for the Second Quarter

Results: Net income for Nordstrom Inc. rose to $175 million (80 cents per share) vs. $146 million (66 cents per share) in the same quarter a year earlier. This marks a rise of 19.9% from the year earlier quarter.

Revenue: Rose 11.7% to $2.81 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: JWN beat the mean analyst estimate of 73 cents per share. It beat the average revenue estimate of $2.71 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 11.5%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 12.7% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 25% and in the fourth quarter of the last fiscal year, the figure rose 34.9%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 2 cents in the first quarter, by 4 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Gross margins grew 0.9 percentage point to 38.7%. The growth seemed to be driven by increased revenue, as the figure rose 11.7% from the year earlier quarter while costs rose 10.1%.

Competitors to Watch: Macy’s, Inc. (NYSE:M), Saks Incorporated (NYSE:SKS), Stage Stores, Inc. (NYSE:SSI), Dillard’s, Inc. (NYSE:DDS), J.C. Penney Company, Inc. (NYSE:JCP), Stein Mart, Inc. (NASDAQ:SMRT), Kohl’s Corporation (NYSE:KSS), Syms Corp. (NASDAQ:SYMS), The Buckle, Inc. (NYSE:BKE), and Citi Trends, Inc. (NASDAQ:CTRN).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)