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Actionable news in JWN: NORDSTROM Inc,

Nordstrom's stock pops as retailer delivers same-store sales growth

Nordstrom reported second-quarter earnings and sales on Thursday that topped analysts' expectations, sending shares of the stock higher after market close.

Same-store sales — a metric monitored closely by Wall Street — for the company were also positive, a rare outcome among department stores of late. Nordstrom said its results this period were fueled by more customers ringing up purchases online.

Nordstrom's stock was last climbing more than 3 percent higher in after-hours trading on the news. Shares had closed Thursday down 4.3 percent, following mixed reports by retail rivals Kohl's, Macy's and Dillard's.

"In a day of muted results clouded by continued sales declines, Nordstrom has provided a ray of sunshine," GlobalData Retail Managing Director Neil Saunders wrote in a note to clients. "The company has, for a long time, invested in its retail proposition and has taken sound strategic decisions like the diversification into off-price and the development of an omnichannel plan."

Here's what the company reported vs what Wall Street was expecting:

  • Earnings per share: 65 cents, compared to an estimate of 64 cents, according to analysts surveyed by Thomson Reuters.
  • Revenue: $3.79 billion, compared to a forecast for $3.75 billion, Thomson Reuters said.
  • Same-store sales: an increase of 1.7 percent, compared to a forecast drop of 0.4 percent for full-line and Rack stores, according to Thomson Reuters.

Nordstrom's net income fell to $110 million, or 65 cents per share, from $117 million, or 67 cents per...