Markets
Nordstrom
Nordstrom Rack (Richard Lautens/Getty Images)
Making a rack-et

Nordstrom shares tick higher after the luxury retailer racked up a Q4 earnings beat

Nordstrom wrapped up a stronger-than-expected fourth quarter, with a helpful boost from its Rack division.

Nia Warfield
3/4/25 4:14PM

Shares of Nordstrom ticked higher on Tuesday afternoon, bucking the broader market’s volatility, after the luxury retailer dropped its latest quarterly results.

Fourth-quarter revenue came in at $4.32 billion, narrowly topping Wall Street’s estimate of $4.30 billion. Adjusted earnings per share for the quarter hit $1.10, topping the $0.96 analysts polled by FactSet were expecting. Meanwhile, comparable sales climbed 4.7%. Analysts had been expecting a 1.8% decline.

While Nordstrom felt pressure both online and at its banner stores, its off-price Rack division stood out as a bright spot. The Nordstrom banner saw a 3.7% dip in net sales for the quarter, but when excluding an extra 53rd week of the calendar, sales actually grew by 0.5%. On the other hand, Nordstrom Rack posted a 1.2% increase in net sales, jumping nearly 7% when excluding the extra week. Nordstroms been ramping up its off-price expansion, opening nearly two dozen new Rack locations across the US last year.

This report marks one of the last public updates from Nordstrom. In December, the retailer signed a $6.25 billion deal to go private, backed by the Nordstrom family and El Puerto de Liverpool. Nordstrom also announced the departure of CFO Kathy Smith, who will be joining Starbucks as its CFO after working at Nordstrom since 2023.

More Markets

See all Markets
markets

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

markets

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’sbig, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.