Nordstrom same-store sales beat estimates
Nordstrom Inc reported better-than-expected quarterly same-store sales growth on Thursday, as more people shopped at the apparel retailer’s online stores.
The Seattle-based upscale clothing and accessories retailer said net income rose to $162 million, or 95 cents per share, in the second quarter ended Aug. 4, from $110 million, or 65 cents per share, a year earlier.
Same-stores sales rose 4 percent, beating the average analyst estimate of a rise of 0.81 percent, according to Thomson Reuters I/B/E/S.
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Net sales rose about 7.1 percent to $3.98 billion.