Finally NordStrom Q1 Results Announced & We are very much Pleased

Nordstrom, Inc. 1st Quarter reported net earnings of 20 million dollars and earnings per diluted share (EPS) of 13 cents.

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Excluding a gain on the sale of the NordStrom interest in a corporate office building and an impairment charge.

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NordStrom Inc. company said in a release that for the first quarter, net sales increased 18.7 percent than in 2021.

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"In the Q1, NordStrom drove strong topline growth with broad-based improvement across core categories and geographies.

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During the quarter, Nordstrom banner net sales increased 23.5 percent and GMV increased 24.8 percent.

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Net sales for Nordstrom Rack increased 10.3 percent and continued to show sequential improvement as compared to Covid Period.

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The company added that core categories including men's and women's apparel, shoes and designer had the strongest growth.

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Gross profit, as a percentage of net sales, of 32.8 percent increased 190 basis points compared with the same period in 2021.

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Nordstrom, Inc. 1st Quarter reported net earnings of 20 million dollars and earnings per diluted share (EPS) of 13 cents.

Nvidia Liquid Cooling System- Q1 Results

Excluding a gain on the sale of the NordStrom interest in a corporate office building and an impairment charge.

NordStrom Q1 Results- Not Included Other Gain

NordStrom Inc. company said in a release that for the first quarter, net sales increased 18.7 percent than in 2021.

NordStrom Q1 Results- Company Sale Increased

"In the Q1, NordStrom drove strong topline growth with broad-based improvement across core categories and geographies.

NordStrom Q1 Results- Broadend the Sales

During the quarter, Nordstrom banner net sales increased 23.5 percent and GMV increased 24.8 percent.

NordStrom Q1 Results- Sales of Banner

Net sales for Nordstrom Rack increased 10.3 percent and continued to show sequential improvement as compared to Covid Period.

NordStrom Q1 Results- Sale Improvements Rack

The company added that core categories including men's and women's apparel, shoes and designer had the strongest growth.

NordStrom Q1 Results- Categroy Wise Growth

Gross profit, as a percentage of net sales, of 32.8 percent increased 190 basis points compared with the same period in 2021.

NordStrom Q1 Results- % of Net Sales & Profit

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