Shoppers walk into a Nordstrom department store in Austin, Texas, March 3, 2023.
Brandon Bell | Getty Images
Nordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store’s cautious expectations.
The company stuck by its profit guidance, despite the higher sales guidance.
The Seattle-based retailer said it now expects full-year revenue growth of 1.5% to 2.5%, including the impact of having one fewer fiscal week. That compares to its previous outlook of flat to up 1%.
Nordstrom struck a conservative note with its outlook in late November, despite topping Wall Street’s expectations for fiscal third-quarter sales. It had projected full-year revenue to range from flat to up 1%. It said adjusted earnings for the year would range from $1.75 and $2.05 per share. Its revenue includes retail sales and credit card revenue.
On an earnings call at the time,…
