Nordstrom Inc. Stock
Pros and Cons of Nordstrom Inc. in the next few years
Performance of Nordstrom Inc. vs. its peers
|Foot Locker Inc.||-0.690%||-4.100%||34.058%||-29.174%||-24.597%||-25.804%||-43.980%|
|Bath & Body Works Inc.||0.580%||12.179%||18.243%||-12.369%||-8.973%||3.458%||24.955%|
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Nordstrom (JWN) is a well-established company in the Other Specialty Retailers industry, offering a variety of products and services to its customer base. Upon examining the financial statements, one can observe a company that has experienced some financial turbulence but has shown signs of recovery. Before diving into a detailed analysis of the pros and cons, it is important to note that the company has managed to maintain its operations and remain competitive in its respective industry.
Revenue growth: A positive aspect of Nordstrom's financials is its revenue growth. Comparing the income statements for 2021, 2022, and 2023, the total revenue has increased from $10.71 billion in 2021 to $14.79 billion in 2022 and further to $15.53 billion in 2023. This suggests that the company is effectively expanding its operations and increasing its market share.
A pronounced decline in quarterly sales sent Nordstrom (NYSE: JWN) investors heading for the exits on the last trading day of the week. The storied retailer's stock price was down by almost 8% in