Seattle, Washington – Nordstrom, Inc. held its Q2 2024 earnings conference call on August 27, 2024, with key company executives discussing the financial results and strategies for the quarter. Present at the call were James Duies, Head of Investor Relations; Erik Nordstrom, CEO; Peter Nordstrom, President; and Cathy Smith, CFO. They provided insights into the company’s performance, including net sales of $3.8 billion, earnings per share of $0.96, and growth in both net sales and comparable sales.

Erik Nordstrom highlighted the success of the second quarter, emphasizing solid results in both Nordstrom and the Rack segments. The company saw positive customer response, particularly in newness and popular brands. The digital business also experienced growth, with nordstrom.com showing a 6% increase in net sales. Nordstrom’s focus on driving growth, optimizing operations, and building momentum in the Rack segment was evident in their performance during the quarter.

The executives discussed key priorities such as providing a consistent selection of brands, enhancing the digital customer journey, and optimizing operational processes. They also mentioned the successful launch of the marketplace initiative, signaling future growth opportunities. Despite challenges in the designer category, Nordstrom remains focused on serving its customers and driving top-line strength.

In terms of financial guidance, the company remains cautiously optimistic about the second half of the year, considering the uncertain external environment. With a focus on customer service, brand assortment, and digital capabilities, Nordstrom aims to maintain its positive momentum and continue delivering strong results. The executives expressed confidence in the company’s direction and performance, highlighting the progress made in the second quarter and the opportunities for growth ahead.