JWN raises sales outlook after better holiday season [Video]

Nordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store’s cautious expectations.

The company stuck by its profit guidance despite the higher sales guidance.

The Seattle-based retailer said it now expects full-year revenue growth of 1.5% to 2.5%, which includes the effect of having one fewer fiscal week. That compares to its previous outlook of flat to up 1%.

Nordstrom struck a conservative note with its outlook in late November, despite topping Wall Street’s expectations for fiscal third-quarter sales. It had projected full-year revenue to range from flat to up 1%. It said adjusted earnings for the year would range between $1.75 and $2.05 per share. Its revenue includes retail sales and credit card revenue.

On an earnings call at the time, CEO Erik Nordstrom said the company had seen “a noticeable decline in sales trends towards the end of October” and factored that …