{"id":46722,"date":"2024-03-06T13:58:53","date_gmt":"2024-03-06T13:58:53","guid":{"rendered":"https:\/?p=46722"},"modified":"2024-03-06T13:58:53","modified_gmt":"2024-03-06T13:58:53","slug":"nordstrom-slides-after-disappointing-fiscal-2024-outlook","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/","title":{"rendered":"Nordstrom Slides After Disappointing Fiscal 2024 Outlook"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Luxury departmental store chain <strong><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/JWN\">Nordstrom Inc (JWN: NYE<\/a><\/strong>) witnessed a sharp decline in its stock price during pre-market trading today. This drop follows the company releasing a weaker-than-expected forecast for its fiscal year 2024.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/JWN\" target=\"_blank\" rel=\"noopener\">JWN Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"JWN\" data-theme=\"wt_bg_trans\" data-uid=\"37383997065e87625965b865e87625965b9\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2><strong>Key Insights from Nordstrom\u2019s FY24 Projection:<\/strong><\/h2>\n<p>Here are the key highlights from Nordstrom&#8217;s Fiscal year 2024 outlook.<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nordstrom&#8217;s projected FY24 earnings per share (excluding stock buybacks) fall between $1.65 and $2.05, missing analyst consensus estimates of $2.01 per share.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Retail sales are expected to decline by 2% or increase by 1% year-over-year in FY24.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Same-store sales outlook shows a cautious approach, ranging from a 1% drop to a 2% increase year-over-year, below analyst predictions of a 1.4% gain.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Despite the underwhelming FY24 forecast, Nordstrom did report positive results for the fourth quarter of fiscal year 2023. Net sales grew by 2.2% year-over-year, exceeding analyst expectations. Adjusted earnings per share also surpassed estimates, coming in at $0.96 compared to the projected $0.88.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Stock Target Advisor&#8217;s Analysis on Nordstrom:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Following the announcement, <strong><a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor&#8217;s<\/a><\/strong> evaluation of Nordstrom Inc. has undergone some revision. Based on our proprietary analysis that encapsulates numerous factors, we have given Slightly Bearish rating to Nordstrom.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our review of the recent stock performance presents a mixed bag of 6 positive and 8 negative signals for the company.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Conclusion:<\/strong><b>\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Investors seem to be focusing on the future outlook, however, causing the pre-market stock price slide. Analysts will likely be dissecting the reasons behind Nordstrom&#8217;s cautious FY24 forecast in the coming days.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury departmental store chain Nordstrom Inc (JWN: NYE) witnessed a sharp decline in its stock price during pre-market trading today. This drop follows the company&#8230;<\/p>\n","protected":false},"author":17,"featured_media":20418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nordstrom Slides After Disappointing Fiscal 2024 Outlook<\/title>\n<meta name=\"description\" content=\"Nordstrom stock tumbles after retailer issues weak FY24 sales &amp; earnings forecast, despite positive Q4 results.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordstrom Slides After Disappointing Fiscal 2024 Outlook\" \/>\n<meta property=\"og:description\" content=\"Nordstrom stock tumbles after retailer issues weak FY24 sales &amp; earnings forecast, despite positive Q4 results.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Stock Target Advisor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T13:58:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2022\/08\/StockTargetAdvisor-Frame-7-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muzzammil Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/Muzzammil625\" \/>\n<meta name=\"twitter:site\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muzzammil Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\"},\"author\":{\"name\":\"Muzzammil Ahmad\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8\"},\"headline\":\"Nordstrom Slides After Disappointing Fiscal 2024 Outlook\",\"datePublished\":\"2024-03-06T13:58:53+00:00\",\"dateModified\":\"2024-03-06T13:58:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\"},\"wordCount\":246,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"articleSection\":[\"Market News &amp; Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\",\"name\":\"Nordstrom Slides After Disappointing Fiscal 2024 Outlook\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#website\"},\"datePublished\":\"2024-03-06T13:58:53+00:00\",\"dateModified\":\"2024-03-06T13:58:53+00:00\",\"description\":\"Nordstrom stock tumbles after retailer issues weak FY24 sales & earnings forecast, despite positive Q4 results.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.stocktargetadvisor.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nordstrom Slides After Disappointing Fiscal 2024 Outlook\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#website\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/\",\"name\":\"Stock Target Advisor\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.stocktargetadvisor.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\",\"name\":\"Stock Target Advisor\",\"alternateName\":\"STA\",\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg\",\"contentUrl\":\"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg\",\"width\":\"225\",\"height\":\"225\",\"caption\":\"Stock Target Advisor\"},\"image\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\",\"https:\/\/twitter.com\/AdvisorTarget\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8\",\"name\":\"Muzzammil Ahmad\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d361e040abeba4e5b47d2fb7acae1401555042a5fc6862b11d7d01ac1722fed5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d361e040abeba4e5b47d2fb7acae1401555042a5fc6862b11d7d01ac1722fed5?s=96&d=mm&r=g\",\"caption\":\"Muzzammil Ahmad\"},\"description\":\"Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product\/services forecast as indicated by major brokers covering the stock.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/muzzammil-ahmad-a157b1190\/\",\"https:\/\/twitter.com\/https:\/\/x.com\/Muzzammil625\"],\"url\":\"https:\/\/www.stocktargetadvisor.com\/blog\/author\/muzzammil\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nordstrom Slides After Disappointing Fiscal 2024 Outlook","description":"Nordstrom stock tumbles after retailer issues weak FY24 sales & earnings forecast, despite positive Q4 results.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/","og_locale":"en_US","og_type":"article","og_title":"Nordstrom Slides After Disappointing Fiscal 2024 Outlook","og_description":"Nordstrom stock tumbles after retailer issues weak FY24 sales & earnings forecast, despite positive Q4 results.","og_url":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/","og_site_name":"Stock Target Advisor","article_publisher":"https:\/\/www.facebook.com\/StockTargetAdvisor\/","article_published_time":"2024-03-06T13:58:53+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2022\/08\/StockTargetAdvisor-Frame-7-6.jpg","type":"image\/jpeg"}],"author":"Muzzammil Ahmad","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/Muzzammil625","twitter_site":"@AdvisorTarget","twitter_misc":{"Written by":"Muzzammil Ahmad","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#article","isPartOf":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/"},"author":{"name":"Muzzammil Ahmad","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8"},"headline":"Nordstrom Slides After Disappointing Fiscal 2024 Outlook","datePublished":"2024-03-06T13:58:53+00:00","dateModified":"2024-03-06T13:58:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/"},"wordCount":246,"commentCount":0,"publisher":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#organization"},"articleSection":["Market News &amp; Insights"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/","url":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/","name":"Nordstrom Slides After Disappointing Fiscal 2024 Outlook","isPartOf":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#website"},"datePublished":"2024-03-06T13:58:53+00:00","dateModified":"2024-03-06T13:58:53+00:00","description":"Nordstrom stock tumbles after retailer issues weak FY24 sales & earnings forecast, despite positive Q4 results.","breadcrumb":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/nordstrom-slides-after-disappointing-fiscal-2024-outlook\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.stocktargetadvisor.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Nordstrom Slides After Disappointing Fiscal 2024 Outlook"}]},{"@type":"WebSite","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#website","url":"https:\/\/www.stocktargetadvisor.com\/blog\/","name":"Stock Target Advisor","description":"","publisher":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.stocktargetadvisor.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#organization","name":"Stock Target Advisor","alternateName":"STA","url":"https:\/\/www.stocktargetadvisor.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/","url":"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg","contentUrl":"http:\/\/stocktargetadvisor.com\/wp-content\/uploads\/2019\/10\/STAlogo.jpeg","width":"225","height":"225","caption":"Stock Target Advisor"},"image":{"@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/StockTargetAdvisor\/","https:\/\/twitter.com\/AdvisorTarget"]},{"@type":"Person","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8","name":"Muzzammil Ahmad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d361e040abeba4e5b47d2fb7acae1401555042a5fc6862b11d7d01ac1722fed5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d361e040abeba4e5b47d2fb7acae1401555042a5fc6862b11d7d01ac1722fed5?s=96&d=mm&r=g","caption":"Muzzammil Ahmad"},"description":"Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product\/services forecast as indicated by major brokers covering the stock.","sameAs":["https:\/\/www.linkedin.com\/in\/muzzammil-ahmad-a157b1190\/","https:\/\/twitter.com\/https:\/\/x.com\/Muzzammil625"],"url":"https:\/\/www.stocktargetadvisor.com\/blog\/author\/muzzammil\/"}]}},"_links":{"self":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts\/46722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/comments?post=46722"}],"version-history":[{"count":1,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts\/46722\/revisions"}],"predecessor-version":[{"id":46724,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/posts\/46722\/revisions\/46724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/media\/20418"}],"wp:attachment":[{"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/media?parent=46722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/categories?post=46722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stocktargetadvisor.com\/blog\/wp-json\/wp\/v2\/tags?post=46722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}