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8The founding family of Nordstrom $JWN is privatizing the department store chain with El Puerto de Liverpool for 6.25 billion dollars, giving me a plus of 58.37% after tax.
PS: A first lawsuit (Trice v. Nordstrom) has already been filed:
https://de.investing.com/news/sec-filings/nordstromaktionar-reicht-sammelklage-ein-93CH-2995175
$JWN Nordstrom Inc. reported earnings
Fiscal 2025 Q3 results ended November 2nd, 2024
- Revenue increased 4.6% YoY to $3.35B
- Net earnings were $46M, down from $67M YoY
- GAAP EPS was $0.27, down from $0.41 YoY
- Total comparable sales up 4.0% YoY
CEO Erik Nordstrom: "The continued sales growth across the company and strong gross margin in the third quarter indicate our team's focus and efforts are working. Our customers have a lot of choices, and our results give us encouragement that we're on the right path."
Revenue & Growth
- Nordstrom banner sales: $2.08B, +1.3% YoY
- Nordstrom Rack sales: $1.27B, +10.6% YoY
- Digital sales: $1.14B (34% of total sales), +6.4% YoY
- GMV increased 5.3% YoY
Profits & Financials
- Gross margin: 35.6%, up 60 bps YoY
- SG&A expenses: 36.6% of sales, up 25 bps YoY
- Operating income: $83M vs $102M YoY
- Cash and equivalents: $397M
- Available liquidity: $1.2B
Business Highlights
- Opened 23 new Nordstrom Rack stores year-to-date
- Women's apparel and active saw double-digit growth
- Shoes, men's apparel and kids up mid to high single-digits
- Inventory increased 5.9% YoY vs sales growth of 4.6%
- Declared quarterly dividend of $0.19 per share
Future Outlook
- FY24 revenue growth: flat to +1.0%
- Comparable sales growth: +1.0% to +2.0%
- GAAP EBIT margin: 3.0% to 3.4%
- Adjusted EBIT margin: 3.6% to 4.0%
- Adjusted EPS: $1.75 to $2.05
The upcoming week summarized:
Monday
Tuesday
Wednesday
Thursday
Friday
getquin Daily Summary 08/24/2022
Hey getquin,
we hope you all made it through the first half of the week. Today was a quiet day except for a few news. As always, we hope you enjoy reading:
America🌏:
1st Amazon 🤝 Peloton
Peloton $PTON (+6.4%) and Amazon$AMZN (+1.62%) have reached an agreement that Peloton will sell its gear and apparel through Amazon, according to CNBC. Peloton's stock surged after the announcement.
CNBC: https://cnb.cx/3pFpbtR
🟩$PTON (+6.4%) €13,15 (🔼 +12,74%)
2. $364 million for bill.
California's sports betting bill received $364 million in support from casinos, Native American tribes, and other interested parties. That's the largest amount ever spent on a state ballot measure to legalize, shape or prevent it, according to Bloomberg. One of the proposals for legalization would include a 10% tax on betting revenue and a $100 million licensing fee per operator.
What do you guys think about this, should something like this be legal?
Go here to Bloomberg: https://bloom.bg/3pHSFHS
World 🗺:
3rd Daimler instead of Rivian & Nikola ?
Daimler and Google subsidiary Waymo are currently testing an electric truck in Tesla's hometown of Texas. On Tuesday, at the press conference of both companies, it was announced that Daimler's electric trucks will drive independently under the name "Freightliner". This form of driving is also called "Level 4." According to both companies, the tests are to start in a few weeks. Why the USA of all places? According to recent estimates, there is a shortage of 80,000 drivers in the U.S., which may be the reason for Daimler's interest.
Read more here: https://bit.ly/3cipzvr
🟥 Mercedes-Benz Group $MBG (+3.32%) , €56,02 (-1,49%)
What we will look at tomorrow👀:
Stocks of the day:
🟩 TOP: Farfetch$FTCH c $9,61 (🔼 +22,26%)
👍 Farfetch announced to acquire 47.5% of Yoox
🟥 FLOP: Nordstrom Inc. $JWN , $18,75 (🔽 -19,18%)
👎 Cut full-year earnings guidance.
🟥 Most searched: Allianz $ALV (+0.76%) , €172,60 (🔽 -0,58%)
🟩 Most traded: Bed Bath & Beyond$BBBY , €10.06 (🔼 14.80%) (68.9M vol.)
🟩 S&P500, 4,137.52Pkt (🔼 +0.21%)
🟩 DAX, 13,228.12Pkt (🔼 +0.24%)
🟥 Bitcoin ₿, €21,532.88 (🔽 -0.25%)
Time: 17:30 CEST
Investors 101: Market capitalization (market cap).
Market cap refers to the total dollar market value of a company's outstanding shares. The investment community uses this number to determine the size of a company, rather than sales figures or total assets. In a takeover, market capitalization is used to determine whether or not a takeover candidate represents a good value for the acquirer.
#marketnews #marketnewsupdate
𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮𝟱.𝟬𝟱.𝟮𝟬𝟮𝟮
Hello getquin!
In case you haven’t seen it yet, there’s a survey, where you could win one of four €50 Amazon vouchers!
👉https://m6q2hlakjib.typeform.com/to/Mo0E1uv4👈
𝗘𝘂𝗿𝗼𝗽𝗲 🌍:
1. Cryptocurrency crash devalues Ukraine’s government crypto fundraise
Following the Russian invasion of Ukraine in February, the Ukrainian government used social media to ask for cryptocurrency donations. However, the cryptocurrency crash has caused a significant drop in the value of the total raised. Ukraine has continued to rally investors this week at the World Economic Forum in Davos.
𝗔𝗺𝗲𝗿𝗶𝗰𝗮🌎:
2. NFL renews sponsorship deal with Pepsi
Pepsi, under food and beverage giants PepsiCo $PEP (+1.93%) have renewed their sponsorship deal with the National Football League (NFL), however they have not retained the right to the Super Bowl half time show. CNBC has reported that the NFL could seek up to $50m for these rights. Pepsi $PEP (+1.93%) has retained right, such as pouring rights at top NFL events, and their sports drink subdivision Gatorade remains ever-visible on the sidelines.
🟩 $PEP (+1.93%) Co Inc (🔼+0.45%)
𝗪𝗼𝗿𝗹𝗱🌎🌍🌏:
3. Pfizer to sell patented drugs at non-profit price
Following criticism regarding their Covid vaccine, Pfizer $PFE (-0.39%) has announced that they will be making all of their patented medicines available at cost-price to 45 of the world’s poorest countries. This includes Cominarty, the COVID-19 vaccine, Covid treatments, among others. $PFE (-0.39%) has also announced that when they launch new medicines and vaccines, these 45 countries will also be included in the portfolio at a non-for-profit price. Some of this was announced at the World Economic Forum in Davos.
🟩 $PFE (-0.39%) Pfizer Inc (🔼+0.71%)
𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗰𝗮𝗹𝗹𝘀🗣:
1. Nordstrom Inc $JWN
🟥 EPS (LPS): -$0.04 expected vs -$0.06 reported (-42.01%)
🟩 Revenue: $3.29bn expected vs $3.57bn reported (+8.32%)
Nordstrom $JWN has hiked its financial outlook for the full year, citing momentum in ithe business. The CEO, whose great grandfather founded the company, has said the company has capitalised on demand from people shopping for “long-awaited occasions.”
2. Intuit Inc $INTU (+0.91%)
🟩 EPS: $7.60 expected vs $7.65 reported (+0.66%)
🟩 Revenue: $5.51bn expected vs $5.63bn reported (+2.06%)
In the last four quarters, Intuit $INTU (+0.91%) has surpassed consensus EPS estimates three times, whereas they have topped revenue estimates each time in the last four quarters. Share prices have risen, however that sustainability will depend on management’s commentary on the earnings call.
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:
🟩 TOP, $INTU (+0.91%) Intuit Inc (🔼+4.56%)
🟥 FLOP, $SW (+2.58%) Sodexo (🔽-5.27%)
🟩 Most searched, $TSLA (-1%) Tesla Inc (🔼+2.38%)
🟩 Most traded, $TSLA (-1%) Tesla Inc (🔼+2.38%)
🟩 S&P500 (🔼+0.20%)
🟩 DAX (🔼+0.46%)
🟩 $BTC (+0.71%) Bitcoin ₿, $29,673.00 (🔼+0.14%)
Time: 16:30 CEST
Going back to the topic of the NFL, did you know that the Coinbase $COIN (-5.96%) ad at the Super Bowl this year cost $14 million? While this might be the most expensive ad per second, the outright most expensive ad is from Chanel, costing $33 million! Feel free to watch it 👇
𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮5.𝟬𝟱.𝟮𝟬𝟮𝟮
Hello getquin,
if you haven't noticed yet go here to the survey where you can win 4x50€ Amazon vouchers:
👉 https://m6q2hlakjib.typeform.com/to/Mo0E1uv4👈
𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗹𝗮𝗻𝗱🇩🇪:
1. 𝘒𝘳𝘺𝘱𝘵𝘰𝘸ä𝘩𝘳𝘶𝘯𝘨𝘴𝘢𝘣𝘴𝘵𝘶𝘳𝘻 𝘦𝘯𝘵𝘸𝘦𝘳𝘵𝘦𝘵 𝘥𝘪𝘦 𝘒𝘳𝘺𝘱𝘵𝘰-𝘚𝘱𝘦𝘯𝘥𝘦𝘯𝘢𝘬𝘵𝘪𝘰𝘯 𝘥𝘦𝘳 𝘶𝘬𝘳𝘢𝘪𝘯𝘪𝘴𝘤𝘩𝘦𝘯 𝘙𝘦𝘨𝘪𝘦𝘳𝘶𝘯𝘨
After the Russian invasion of Ukraine in February, the Ukrainian government called for donations in cryptocurrencies on social media. However, the crash of cryptocurrencies has led to a significant drop in the value of the amount collected. Ukraine continued to woo investors at the World Economic Forum in Davos this week.
🟩 $BTC (+0.71%) (🔼 +0,63 %)
Read more here: https://reut.rs/3wQ5t1M
𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:
2. 𝘕𝘍𝘓 𝘦𝘳𝘯𝘦𝘶𝘦𝘳𝘵 𝘚𝘱𝘰𝘯𝘴𝘰𝘳𝘪𝘯𝘨𝘷𝘦𝘳𝘵𝘳𝘢𝘨 𝘮𝘪𝘵 𝘗𝘦𝘱𝘴𝘪
Pepsi, a unit of food and beverage giant PepsiCo. $PEP (+1.93%) , has renewed its sponsorship deal with the National Football League (NFL), but without retaining the rights to the Super Bowl halftime show. CNBC has reported that the NFL could ask for up to $50 million for those rights. Pepsi $PEP (+1.93%) still has rights, such as serving at the NFL's top events, and its sports drink subdivision Gatorade continues to have a presence on the sidelines.
🟩 $PEP (+1.93%) PepsiCo Inc (🔼+0.45%)
Source: https://cnb.cx/3wRutG9
3rd 𝘗𝘧𝘪𝘻𝘦𝘳 𝘷𝘦𝘳𝘬𝘢𝘶𝘧𝘵 𝘱𝘢𝘵𝘦𝘯𝘵𝘪𝘦𝘳𝘵𝘦 𝘔𝘦𝘥𝘪𝘬𝘢𝘮𝘦𝘯𝘵𝘦 𝘻𝘶𝘮 𝘚𝘦𝘭𝘣𝘴𝘵𝘬𝘰𝘴𝘵𝘦𝘯𝘱𝘳𝘦𝘪𝘴
Following criticism of its Covid vaccine, Pfizer has $PFE (-0.39%) announced that it will make all of its patented medicines available at cost in 45 of the world's poorest countries. These include Cominarty, the COVID-19 vaccine and the Covid treatment. $PFE (-0.39%) Has also announced that as new medicines and vaccines are introduced, these 45 countries will also be included in the portfolio at cost price.
🟩 $PFE (-0.39%) Pfizer Inc (🔼+0.71%)
Source: https://reut.rs/3amf4G9
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:
𝘕𝘰𝘳𝘥𝘴𝘵𝘳𝘰𝘮 𝘐𝘯𝘤 $JWN
Nordstrom $JWN has raised its full-year financial outlook, citing momentum in the business. The CEO, whose great-grandfather founded the company, said the company has benefited from demand from people shopping for "long-awaited occasions."
🟥 EPS (LPS): -$0.04 expected vs -$0.06 reported (-42.01%)
🟩 Revenue: $3.29bn expected vs $3.57bn reported (+8.32%)
Source: https://cnb.cx/3GfzFrm
𝘐𝘯𝘵𝘶𝘪𝘵 𝘐𝘯𝘤 $INTU (+0.91%)
In the last four quarters, Intuit has $INTU (+0.91%) exceeded consensus estimates for earnings per share three times, while revenue estimates have been exceeded each of the last four quarters. Share prices have risen, but sustainability will depend on management's comments in the earnings release.
🟩 EPS: $7.60 expected vs $7.65 reported (+0.66%).
🟩 Revenue: $5.51bn expected vs $5.63bn reported (+2.06%)
Source: https://bit.ly/3MYLCnO
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:
🟩 TOP, $INTU (+0.91%) Intuit Inc (🔼+4.56%).
🟥 FLOP, $SW (+2.58%) Sodexo (🔽-5.27%).
🟩 Most searched, $TSLA (-1%) Tesla Inc (🔼+2.38%)
🟩 Most traded, $TSLA (-1%) Tesla Inc (🔼+2.38%)
🟩 S&P500 (🔼+0.20%)
🟩 DAX (🔼+0.46%)
🟩 $BTC (+0.71%) Bitcoin ₿, $29,673.00 (🔼+0.14%)
Time: 16:30 CEST
Getting back to the NFL topic: Did you know that the Coinbase ad at the Super Bowl this year cost $14 million? That may be the most expensive commercial per second, but the most expensive commercial by far was by Chanel and cost $33 million! Feel free to watch it 👇.
www.youtube.com/watch?v=nfoMbir_Qd4
Source: https://www.cresta-awards.com/?action=ows:entries.details&e=68616&project_year=2021
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