Nordstrom, Inc. JWN posted third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate and improved year over year. However, the Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter,

"Nordstrom’s earnings drop in Q3 FY24, with sales up 4.6%" was originally created and published by Retail Insight Network, a GlobalData owned brand.

Shares of luxury retail store Nordstrom ($JWN) were down 11.21% on Wednesday morning after rising in the pre-market session, following a strong earnings quarter, lifting retail sentiment. Nordstrom posted adjusted diluted earnings per share (EPS) of $0.

Nordstrom banner net sales increased 1.3 percent y/y and comparable sales increased 4.0 percent compared with the Q3 period in fiscal 2023. GMV increased 2.4 percent y/y. The timing shift of the Anniversary Sale had a negative impact on Nordstrom banner net sales of approximately 200 basis points compared with the third quarter of 2023.

US department store giant Nordstrom welcomed a 4.6 percent increase in net sales for the quarter ended November 2, 2024, while

Nordstrom heads into its Q3 earnings release Tuesday after-hours near 52-week highs following a strong Q2. For the third quarter, analysts will focus on Nordstrom's ability to sustain growth.

Operator Greetings, and welcome to the Nordstrom third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. We will begin with prepared remarks, followed by a question-and-answer session.