3 Great Reports Amid Retail's Horrible Earnings Season

 As another earnings season passes us by, concern about the state of the retail industry is once again rising. Changing consumer habits and competition from e-commerce sites have devastated several traditional retail giants, and very few encouraging retail reports emerged this earnings season.

Of course, “very few” does not mean “none at all.” Indeed, some retailers—be it those who have been deemed Amazon (AMZN - Free Report) -proof, or those who have successfully adapted to the times—were able to produce quality results in the most recent quarter.

So who sticks out from the pack? Which retail companies actually did report solid earnings? Check out these three stocks below:

1. Nordstrom Inc. (JWN - Free Report)

While several of its department store peers disappointed investors, Nordstrom was able to post earnings and revenue figures that topped estimates this quarter. Adjusted earnings of 65 cents per share beat the Zacks Consensus Estimate of 62 cents and extended the company’s surprise streak to five. Total revenue of $3.8 billion surpassed our consensus estimate of $3.73 billion.

Net retail sales increased 3.5%, while credit card revenues rose 28.8%. Total company comps rose 1.7%, driven by comps growth at both full-line and Rack stores. Nordstrom Rack total revenues, which include Rack stores and nordstromrack.com) gained 9.8%. So far this year, the company has opened a total of six new Rack stores and closed one full-line store—not bad in the face of shuttering department stores around the country.

Nordstrom now anticipates net sales growth of nearly 4% for fiscal 2017, which is at the high-end of its previous guidance of nearly 3–4% growth. Also, the company now envisions fiscal 2017 earnings per share in the range of $2.85–$3.00, compared with $2.75–$3.00 projected earlier.

JWN is currently a Zacks Rank #3 (Hold), but the stock does carry “A” grades in each of our Style Score categories, including the overall weighted average VGM category.

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