The news: Nordstrom delivered strong results over the 2024 holiday season in what is likely to be its final Q4 as a public company.
- Net sales, after accounting for last year’s extra week, rose 2.5% YoY, and comparable sales rose 4.7%—well ahead of analysts’ estimated 1.25%.
- Nordstrom banner’s net sales rose 0.5% YoY in Q4, with comps jumping 5.3%, while Rack’s net sales soared 6.6%, with comps rising 3.5%.