Nordstrom has reported Q1 2019 results ended on May 04, 2019. Total company net sales stood at USD3.34 billion which decreased 3.5% compared to USD3.46 billion in Q1 2018.

Q1 2019: 

  • Net earnings stood at USD37 million compared to USD87 million in Q1 2018.
  • Gross margin was 33.5%.
  • Online sales grew 7% at and account for 31% of total sales.

 Q1 2019 Sales by business

  • Sales for Nordstrom’s Full-Price business decreased 5.1%
  • Sales for Nordstrom’s Off-Price business decreased 0.6%

At the end of the period Nordstrom operated 380 stores.

FY 2019 Outlook:

  • Net Sales growth is revised to -2% to flat for the year.

Source: Nordstrom PR