Nordstrom & Foot Locker Shares Drop on Weak Guidance

Nordstrom, Box, Foot Locker, CrowdStrike Holdings, JD.com, Federal Reserve, Couchbase, SoFi Technologies, Oddity Tech

Nordstrom reported better-than-expected adjusted earnings for its fiscal fourth quarter, but its shares took a hit, falling 9.1% after the company issued guidance that fell short of estimates. The retailer’s forecast for same-store sales for the fiscal year is within a range of a 1% decline to a 2% increase, with the midpoint falling below analysts’ expectations for a 1.4% gain.