SEATTLE (AP) — Nordstrom says stronger sales helped drive the high-end retailer’s first-quarter net income up nearly 44 percent.
The Seattle-based company said Thursday that it earned $116 million, or 52 cents per share, for the quarter. That’s up from $81 million, or 37 cents per share, in the same quarter last year.
Revenue grew nearly 17 percent to $2.09 billion.
The earnings were just shy of analyst expectations for 55 cents per share. But the company beat revenue expectations of $1.97 billion as stronger sales momentum that began at the end of 2009 continued.
