1 Number You Missed From Nordstrom's Earnings
Nordstrom (NYSE: JWN) reported first-quarter results on May 25 that disappointed investors. Shares are down roughly 10% since the retailer announced earnings. The main reason markets were less than impressed seems to be because Nordstrom didn't raise estimates for 2021.
Rival Macy's (NYSE: M) announced earnings a couple of weeks before Nordstrom and had raised expectations for the rest of the year. So Nordstrom was heading into the release with a high bar to scale, which it failed to do. With all this focus on fiscal year guidance, you probably missed this one important number from Nordstrom's first-quarter earnings release.
Nordstrom's stock fell nearly 10% after it released first-quarter earnings. Image source: Getty Images.
Source Fool.com
