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Nordstrom
Nordstrom Rack (Richard Lautens/Getty Images)
Making a rack-et

Nordstrom shares tick higher after the luxury retailer racked up a Q4 earnings beat

Nordstrom wrapped up a stronger-than-expected fourth quarter, with a helpful boost from its Rack division.

Nia Warfield

Shares of Nordstrom ticked higher on Tuesday afternoon, bucking the broader market’s volatility, after the luxury retailer dropped its latest quarterly results.

Fourth-quarter revenue came in at $4.32 billion, narrowly topping Wall Street’s estimate of $4.30 billion. Adjusted earnings per share for the quarter hit $1.10, topping the $0.96 analysts polled by FactSet were expecting. Meanwhile, comparable sales climbed 4.7%. Analysts had been expecting a 1.8% decline.

While Nordstrom felt pressure both online and at its banner stores, its off-price Rack division stood out as a bright spot. The Nordstrom banner saw a 3.7% dip in net sales for the quarter, but when excluding an extra 53rd week of the calendar, sales actually grew by 0.5%. On the other hand, Nordstrom Rack posted a 1.2% increase in net sales, jumping nearly 7% when excluding the extra week. Nordstrom’s been ramping up its off-price expansion, opening nearly two dozen new Rack locations across the US last year.

This report marks one of the last public updates from Nordstrom. In December, the retailer signed a $6.25 billion deal to go private, backed by the Nordstrom family and El Puerto de Liverpool. Nordstrom also announced the departure of CFO Kathy Smith, who will be joining Starbucks as its CFO after working at Nordstrom since 2023.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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