Nordstrom exceeded Wall Street's sales expectations for the third quarter, with a 4% year-over-year revenue increase driven by strong sales in clothing, shoes, and activewear. Despite the positive results, the retailer issued a conservative full-year sales forecast, projecting modest revenue growth of up to 1%. The company's net income for the quarter was $46 million, a decline from the previous year. Comparable sales rose, exceeding analyst expectations. Nordstrom and its off-price chain, Nordstrom Rack, are showing similar growth. Digital sales grew more than 6%, reflecting successful online enhancements.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Nordstrom exceeded Wall Street's sales expectations for the third quarter
00:06with a 4% year-over-year revenue increase driven by strong sales in clothing, shoes,
00:10and activewear. Despite the positive results, the retailer issued a conservative full-year
00:15sales forecast, projecting modest revenue growth of up to 1%. The company's net income
00:20for the quarter was $46 million, a decline from the previous year. Comparable sales rose,
00:26exceeding analysts' expectations. Nordstrom and its off-price chain Nordstrom Rack
00:31are showing similar growth. Danger to sales grew more than 6%, reflecting successful
00:36online enhancements. For all things money, visit Benzinga.com slash GSTV.