• Q3 net earnings of US$83m
  • Sales increase of 3.5%
  • Same-store sales decreased 1.2%

US luxury retailer Nordstrom reported net earnings of US$83m for the third quarter ended 31 October 2009, improved from $71m in the prior year period.

Third quarter same-store sales decreased 1.2% compared with the same period in fiscal 2008.

Net sales in the third quarter were $1.87bn, an increase of 3.5% compared with net sales of $1.80bn during the same period in fiscal 2008.

Performance during the third quarter exceeded the internal sales and earnings plans for the company, it said.

For the 2009 fiscal year, Nordstrom expects earnings per diluted share in the range of $1.83 to $1.88, increased from the previous range of $1.50 to $1.65.

Click here to view the company's full third quarter earnings statement.