Q2 Earnings: Nordstrom Raises Full Year Outlook + More

FN keeps track of all of our earnings coverage for retailers and footwear companies here. August 24: Nordstrom (JWN) Earnings: Net earnings were $80 million, or $0.49 per diluted share. Sales: Sales were to $3.6 billion, marking a 101% increase from Q2 in 2020. CEO Comments: “Our second quarter results demonstrate the strength of our two brands, the power of our ‘closer to you’ strategy and the success of our iconic Anniversary Sale,” said CEO Erik Nordstrom. “We capitalized on improving customer demand with focused execution, healthy inventory sell-through and continued expense management to deliver strong quarterly results.” Outlook: Nordstrom updated its full year outlook and expects revenue growth to be more than 35 percent. An exterior view of Foot Locker’s store in Singapore. CREDIT: Courtesy of Foot Locker August 20: Foot Locker (FL), which includes the Eastbay, Foot Action, Champs, and Sidestep brands. Earnings: Net income was $430 million, or $4.09 per share. Non-GAAP earnings per share were $2.21, marking an increase of over 200% from Q2 of 2020 and 2019. Sales: Total sales were $2,275 million, marking a year-over-year increase of 9.5%. Comparable store sales Increased 6.9% CEO Comments: “Our strong performance this quarter reflects the health of our category, the deep engagement we have with our customers, and

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