Nordstrom post net earnings of $104.5mn for Q1 ended April 30' 05
24 May '05
3 min read
2005 Outlook
For the fiscal year ending January 28, 2006, the company is raising its prior earnings per share outlook of $3.25-$3.35 to $3.40-$3.50. This represents a 20 to 25 percent increase over the prior year, excluding the lease adjustment from 2004 earnings per share. For the second quarter, the company expects low single digit same-store sales growth and earnings per share in the range of $0.85-$0.90.
Nordstrom Inc is one of the nation's leading fashion specialty retailers, with 151 U.S. stores located in 27 states. Founded in 1901 as a shoe store in Seattle, Nordstrom today operates 95 full-line stores, 49 Nordstrom Racks, five U.S. Faconnable boutiques, one freestanding shoe store, and one clearance store. Nordstrom also operates 32 international Faconnable boutiques, primarily in Europe.
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