Nordstrom Inc (NYSE: JWN) reported a 3.5% drop in net sales for the nine-week holiday period ended December 31, 2022 and lowered its annual EPS guidance.
Nordstrom cut EPS guidance to a new range of $1.50-$1.70 from $2.30-$2.60.
Nordstrom shares gained 0.5% to trade at $17.53 on Friday.
Nordstrom Inc (NYSE: JWN) reported weaker-than-expected holiday sales on Thursday, leading the company to lower guidance for the fourth quarter and full fiscal year 2022, which ends in late January.