HomeTechFAANGNordstrom (JWN) Adjusted Guide Slide
Nordstrom (JWN) Adjusted Guide Slide

Nordstrom (JWN) is the subject of today’s FOMO segment. In this segment Alex Coffey and Jenny Horne discuss the retailer’s ~19% slide on Wednesday following Q2 earnings results, and lowered 2022 guidance. Jenny looks at Nordstrom (JWN) banner net sales which were up 14.7% and Nordstrom Rack sales which also rose 6.3% and digital sales in Q2 rose 6.3%. Despite that, the department stores chain lowered its revenue guidance from the expected 6-8% growth to only 5-7% growth for 2022. Alex demonstrates an example sell put vertical trade using Nordstrom (JWN) shares which was trading around $18.75/share. That’s 50% from one year ago.

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