2024-05-30 20:27:06 ET
Nordstrom, Inc. (JWN)
Q1 2024 Earnings Conference Call
May 30, 2024, 4:45 PM ET
Company Participants
Jamie Duies - Head, Investor Relations
Erik Nordstrom - Chief Executive Officer
Pete Nordstrom - President
Cathy Smith - Chief Financial Officer
Conference Call Participants
Brooke Roach - Goldman Sachs
Simeon Siegel - BMO Capital Markets
Warren Chang - Evercore ISI
Carla Casella - JPMorgan
Tracy Kogan - Citi
Arian Razai - Guggenheim Securities
Ryan Bulger - Gordon Haskett
Blake Anderson - Jefferies
Presentation
Operator
Greetings. And welcome to the Nordstrom First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. We will begin with prepared remarks, followed by a question-and-answer session. [Operator Instructions]
As a reminder, this conference is being recorded. At this time, I’ll turn the call over to Jamie Duies, Head of Investor Relations for Nordstrom. Thank you. You may begin.
Jamie Duies
Good afternoon and thank you for joining us. Before I begin, I want to mention that we’ll be referring to slides which can be viewed in the Investor Relations section on nordstrom.com. Any discussion may include forward-looking statements, so please refer to the slide with our Safe Harbor language.
Participating in today’s call are Erik Nordstrom, Chief Executive Officer; Pete Nordstrom, President; and Cathy Smith, Chief Financial Officer, who will provide a business update and discuss the company’s first quarter performance.
Please note that when discussing our results and outlook, we will be referring to them on an adjusted basis for EBIT, EBIT margin and earnings per share. Reconciliations to the most directly comparable GAAP measures can be found in our Q1 2024 earnings press release, which is available on our website.
As we begin, I want to acknowledge the company’s April 18th announcement of the Board of Directors’ exploration of potential avenues to enhance shareholder value and formation of a special committee to evaluate any proposal that may be presented by Erik and Pete Nordstrom to take the company private.
The special committee will carefully evaluate any proposal that may be received and consider whether it is in the best interest of Nordstrom and all shareholders. We do not have an update to share on this topic and will not be speaking to it during our call today....
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Nordstrom, Inc. (JWN) Q1 2024 Earnings Call Transcript