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Nordstrom’s Profit Increases 22%


SEATTLE, Nov. 19 (AP) — The luxury retailer Nordstrom said on Monday that third-quarter earnings rose 22 percent, helped by an extra week of sales the company counted in the quarter compared with a year ago.

Nordstrom said its profit rose to $165.7 million, or 68 cents a share, compared with $135.7 million, or 52 cents a share, last year.

Results included a gain of 9 cents a share related to the sale of Nordstrom’s Façonnable business, which closed in the quarter.

Excluding that and other one-time items, quarterly earnings totaled 59 cents a share.

On that basis, results topped Wall Street’s expectations. Analysts polled by Thomson Financial had forecast a profit of 52 cents a share.

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