FISCAL YEAR 2010 OUTLOOK Based on third quarter performance, Nordstrom is updating its outlook for fiscal 2010 during which Nordstrom expects earnings per diluted share in the range of $2.60 to $2.65.
The company's expectations for fiscal 2010 are as follows: Same-store Sales - Approximately 6 percent increase Credit Card Revenues - $20 to $25 million increase Gross Profit(%) - 100 to 115 basis point increase Retail Selling, General and Admin. Expense($) - $260 to $270 million increase Credit Selling, General and Admin. Expense($) - $65 to $70 million decrease Total Selling, General and Admin. Expense(%) - 75 to 85 basis point decrease Interest Expense, net - $10 to $15 million decrease Effective Tax Rate - 38.6 percent Earnings per Diluted Share - $2.60 to $2.65 Diluted Shares Outstanding - 222.8 million
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