 Posted: Wed 0:42, 04 Sep 2013 Post subject: Nordstrom's Earnings Improve |
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| Nordstrom's Earnings Improve
Nordstrom Inc. (JWN), a leading fashion specialty retailer,www.puentesbridges.org, reported fiscal 2009 fourth quarter earnings of $172 million or 77 cents per share compared to $68 million or 31 cents in the yearago quarter. The quarterly earnings marginally missed the Zacks Consensus Estimate by a penny (conference call transcript here). For fiscal 2009,2013 christian louboutin, Nordstrom reported earnings of $441 million or $2.01 per share versus $401 million or $1.83 per share in the previous fiscal year. The fiscal earnings beat the Zacks Consensus Estimate by 5 cents. During the quarter, net sales increased 10.3% yearoveryear to $2.54 billion,michael kors tote bags, while total revenue rose 10.5% to $2.64 billion. The increase in sales was primarily due to an improved merchandise offering. Samestore sales during the quarter increased 6.9% compared to the yearearlier quarter, as most of the company merchandise categories generated positive samestore sales. Samestore sales of Nordstrom Rack increased 4.6% in the fourth quarter compared with the same period in fiscal 2008. Gross profit of the company (as a percentage of net sales) increased approximately 530 basis points during the quarter due to improvement in merchandise margin. Furthermore,michael kors hamilton bags, Nordstrom improved its inventory position during the quarter and ended the year with an inventory turn of 5.4,authentic michael kors bags, the highest in its recent history. Selling, general and administrative expenses increased $56 million during the quarter due to higher expenses related to new store openings,http://www.taghkanic.org/redbottomshoes.html/, and higher variable expenses. However,Moncler Jackets For Men, growth in revenues and higher gross margin more than offset the increase in operating expenses. Consequently, Nordstrom recorded a strong 98.7% growth in operating income to $310 million from $156 million in the yearago period. At yearend 2009,Moncler Jackets For Women, Nordstrom had cash and equivalents of $795 million and longterm debt of $2.3 billion, compared to $72 million of cash and $2.2 billion of longterm debt in the yearago period. The company opened 3 fullline stores and 13 Nordstrom Rack stores since fourth quarter 2008, increasing its retail square footage by 0.9 million, or 4.1%. During fiscal 2010,michael kors women bags, Nordstrom plans to open 3 fullline stores. The company expects samestore sales to increase 2.0% to 4.0% during fiscal 2010, with earnings in the range of $2.35 to $2.55 per share. Management further intends to continually align the key drivers of its business (inventory, expenses,michael kors handbags, working capital and capital expenditures) to improve its profitability and augment free cash flow during the next fiscal. 相关的主题文章: Experiment With A Number Of These Getting older Ideas These days Tips About How To Make Money In Cellular Advertising and marketing Suggestions To Make Sure A Wholesome Pregnancy Fashion Advice That Is For Ce Coping With Asthma: What You Enhance Your Knowledge Of The World Of Cosmetic Surgery Whiten Your The teeth With Healthy And All-natural Approaches Defensive Driving: Lane Modi Quit Snoring Advice That Real Amazing Self-help Recommendations That Can Help Yo |
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