High-End Retail Braces For Nordstrom Earnings (JWN)

Retail

Published: February 25, 2008 1:41 pm

Nordstrom Inc. (NYSE: JWN) is set to report earnings after the close today. First Call has the following estimates:

Time EPS $REV
Q4-2008 (Jan.) $0.88 $2.53 Billion
Q1-2009 (Apr.) $0.59 $1.99 Billion
FY-2009 (Jan.) $2.98 $9.31 Billion

Just last week, Nordstrom hiked its dividend to $0.16 from $0.135. It new dividend yield as of today’s price is about 1.7%. The company saw a sharp drop in January same store sales with a 6.6% drop. The total sales were down a total of 20.3%, and while these were affected by one less week it was still a highly noticed drop. Sales would have supposedly been down 1.2% without the minus one week issues.

While this will be watched closely, we already had been given the preliminary quarterly revenues at $2.51 Billion on a total Q4 same store sales of -0.7%. Investors will therefore most likely be watching for any comments on guidance.

Nordstrom stock is very close to its 50-day moving average of $35.29, which is only about 3% under today’s share prices. We have already seen more than one-third of a share price haircut as the 52-week trading range is $28.00 to $59.50.

Jon C. Ogg
February 25, 2008

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.