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Credit segment continues to improve at Nordstrom
16 Nov '10
3 min read
FISCAL YEAR 2010 OUTLOOK
Based on third quarter performance, Nordstrom is updating its outlook for fiscal 2010 during which Nordstrom expects earnings per diluted share in the range of $2.60 to $2.65.
The company's expectations for fiscal 2010 are as follows:
Same-store Sales - Approximately 6 percent increase
Credit Card Revenues - $20 to $25 million increase
Gross Profit(%) - 100 to 115 basis point increase
Retail Selling, General and Admin. Expense($) - $260 to $270 million increase
Credit Selling, General and Admin. Expense($) - $65 to $70 million decrease
Total Selling, General and Admin. Expense(%) - 75 to 85 basis point decrease
Interest Expense, net - $10 to $15 million decrease
Effective Tax Rate - 38.6 percent
Earnings per Diluted Share - $2.60 to $2.65
Diluted Shares Outstanding - 222.8 million
Based on third quarter performance, Nordstrom is updating its outlook for fiscal 2010 during which Nordstrom expects earnings per diluted share in the range of $2.60 to $2.65.
The company's expectations for fiscal 2010 are as follows:
Same-store Sales - Approximately 6 percent increase
Credit Card Revenues - $20 to $25 million increase
Gross Profit(%) - 100 to 115 basis point increase
Retail Selling, General and Admin. Expense($) - $260 to $270 million increase
Credit Selling, General and Admin. Expense($) - $65 to $70 million decrease
Total Selling, General and Admin. Expense(%) - 75 to 85 basis point decrease
Interest Expense, net - $10 to $15 million decrease
Effective Tax Rate - 38.6 percent
Earnings per Diluted Share - $2.60 to $2.65
Diluted Shares Outstanding - 222.8 million
Nordstrom Inc
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