For the fourth quarter ended January 28, Nordstrom posted net earnings of $201 million, or $1.15 per diluted share, versus $180 million, or $1 per diluted share, in the year-earlier period.
Earnings adjusted for one-time charges, were $240 million, or $1.37 per diluted share, the company indicated.
Adjusted diluted earnings per share exceeded an analyst average estimate of $1.15 published by MarketBeat.
Comparable sales declined 0.9% for the quarter year over year. Comps at Nordstrom full-line stores in the United Stated decreased by 6.8% while Nordstrom.com comps gained 8% for a department store division total of negative 2.9%. Comps at Nordstrom Rack slipped 0.5% while those at Nordstromrack.com/HauteLook gained 29.2% for an off-price division total of positive 4.3% versus the quarter in fiscal 2015.
Net sales were $4.24 billion versus $4.14 billion in the year-prior period. Total revenues, including credit card results, were $4.32 billion versus $4.19 billion in the quarter a year before.
For the full fiscal year, Nordstrom posted net earnings of $354 million, or $2.02 per diluted share, versus $600 million, or $3.15 per diluted share, in the year-earlier period. Adjusted earnings were $551 million, or $3.14 per diluted share.
Comps declined 0.4% year over year. Comps at Nordstrom full-line stores in the U.S. decreased by 6.4% while Nordstrom.com comps gained 9.5% for a department store division total of negative 2.7%. Comps at Nordstrom Rack slipped 0.2% while those at Nordstromrack.com/HauteLook gained 31.7% for an off-price division total of positive 4.5% versus fiscal 2015. Net sales were $14.5 billion versus $14.1 billion in the year prior. Total revenues were $14.76 billion versus $14.44 billion in the year before.
