SEATTLE — Nordstrom’s second-quarter results were stronger than Wall Street expected.
The company said revenue from Nordstrom.com jumped 20 percent compared to a year ago and sales at Nordstrom Rack stores rose 13 percent. It said the opening of its first stores in Canada, its purchase of personalized men’s clothing service Trunk Club and the launch of Nordstromrack.com and mobile app, all moves it made in 2014, assisted its growth.
Nordstrom also raised the lower end of its annual profit guidance, and its shares advanced $3.92, or 5.2 percent, to $78.84 in aftermarket trading.
Excluding non-recurring gains, the company said it earned 93 cents per share over the three months that ended Aug. 1. Revenue grew 9 percent to $3.7 billion.
Analysts expected net income of 90 cents per share on $3.65 billion in revenue.
