Nordstrom, Inc. (JWN) Q2 2023 Earnings Call Transcript


Nordstrom, Inc. (NYSE:JWN) Q2 2023 Earnings Conference Call August 24, 2023 4:45 PM ET

Company Participants

Sara Penner – Manager, IR

Erik Nordstrom – CEO

Pete Nordstrom – President and Chief Brand Officer

Cathy Smith – CFO

Conference Call Participants

Ashley Owens – KeyBanc Capital Markets

Brooke Roach – Goldman Sachs

Dana Telsey – Telsey Advisory Group

Edward Yruma – Piper Sandler

Blake Anderson – Jefferies

Oliver Chen – TD Cowen

Matthew Boss – JPMorgan

Operator

Greetings, and welcome to the Nordstrom Second Quarter 2023 Earnings Conference Call. [Operator Instructions] And as a reminder this conference is being recorded.

At this time, I’ll turn the call over to Sara Penner, Manager of Investor Relations for Nordstrom. Thank you. You may begin.

Sara Penner

Good afternoon, and thank you for joining us. Before we begin, I want to mention that we’ll be referring to slides, which can be viewed in the Investor Relations section on nordstrom.com. Our 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 Chief Brand Officer; and Cathy Smith, Chief Financial Officer, who will provide a business update and discuss the company’s second quarter performance.

And now I’ll turn the call over to Erik.

Erik Nordstrom

Thank you, Sara, and good afternoon, everyone. Thanks for joining us today.

Before we begin, I’d like to welcome our new CFO, Cathy Smith to our earnings call. Cathy is a proven finance leader with many years of experience delivering business results. She has deep expertise navigating the dynamic retail environment in her prior roles with some of the largest retailers in the country. We are thrilled to have her on the team. You will hear more from her today.

I’ll



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