EBIT margin, including charges associated with the wind-down of Canadian operations, is projected to be between 1.5 and 2.0 per cent of sales. On the other hand, the adjusted EBIT margin, excluding these charges, is expected to range from 3.7 to 4.2 per cent of sales.
The income tax rate for FY23 is estimated to be approximately 6 per cent, primarily due to a favourable impact of around 2,100 basis points resulting from one-time charges in Canada, the company said in a media release.
In terms of earnings per share (EPS), Nordstrom anticipates a range of $0.60 to $1.00, including the negative impact of charges related to the wind-down of Canadian operations. Conversely, the adjusted EPS, which excludes the wind-down charges, is forecasted to be in the range of $1.80 to $2.20.
ALCHEMPro News Desk (DP)
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