What Nordstrom's earnings suggest about the current mood of upscale shoppers
If Nordstrom’s latest sales update is anything to go by, high-income shoppers are finally starting to feel the pinch of a slowing economy.
Nordstrom also said that the need to sell off outdated inventory weighed heavily on profit and margins. Adjusted earnings per share will range between $1.50 and $1.70, compared with the company’s prior call for $2.30 to $2.60. The consensus call among analysts surveyed by FactSet was for earnings to land at $1.81 for fiscal 2022.
“We believe this reduction, coupled with cleaner inventory , may actually have been better than feared,” wrote BMO Capital Markets analyst Simon Siegel in a research note. Siegel maintained a Market Perform rating and trimmed his target for the stock price to $20 from $23.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
USD/CHF tumbles to lowest since November 2021 on lower yields and weaker DollarThe USD/CHF is falling by almost a hundred pips on Wednesday after trimming some losses during the last hour. The pair bottomed at 0.9084, the lowest
続きを読む »
Producer Prices Fall as Inflation Continues to Slow on Weaker DemandWeaker-than-expected holiday sales led to deeper discounts from retailers, wholesalers, services businesses, and producers. | Economy
続きを読む »
Weaker shipping demand hits ocean-freight shipper Matson’s fourth-quarter profit expectationsOcean-freight shipping company Matson Inc. on Wednesday reported a preliminary fourth-quarter profit that was below expectations, as a drop-off in demand for...
続きを読む »
NZD/USD remains on the defensive amid weaker risk tone, holds above 0.6400 markThe NZD/USD pair edges lower during the Asian session on Thursday and moves away from its highest level since June 2022, around the 0.6530 area touche
続きを読む »
Fugitive suspect in Mall of America killing arrested in Georgia; mother accused of driving him there19-year-old Johntae Raymon Hudson was gunned down at Nordstrom on Dec. 23.
続きを読む »
USD/CAD slides to fresh daily low amid weaker USD, modest uptick in oil pricesUSD/CAD slides to fresh daily low amid weaker USD, modest uptick in oil prices – by hareshmenghani USDCAD Fed EconomicIndicator RiskAversion Currencies
続きを読む »