Thomson Reuters
Nordstrom department store is shown at a shopping center in San Diego, California
The high-end department store reported adjusted earnings of $0.84 per share versus analyst expectations of $0.51. Revenue rose 7.2% from a year ago to $3.54 billion, ahead of the $3.48 billion that the Bloomberg consensus was looking for.
"We've made considerable changes in the way we operate to improve the customer experience while increasing our productivity," said co-president Blake Nordstrom in the earnings release. "We are particularly proud of our team's efforts to align inventories and improve our operating efficiencies. These outcomes have positively impacted our operating results."
The announcement comes after a strong day for the retail industry. Macy's, Kohl's, and Ralph Lauren all reported better than expected quarterly results.
Prior to the earnings, Nordstrom's stock was up 7.15% for the day.
In after-hours trading, the stock gained another 7.44%, to $60.20 a share, as of 4:44 p.m. ET.