Another day, another retail earnings beat.
"We delivered strong bottom-line results, demonstrating our inventory and expense discipline. We exited the quarter in a favorable inventory position and made important strides in productivity," co-president Erik Nordstrom told analysts Wednesday.
However, Nordstrom lowered its full-year earnings guidance.
Is the troubled retailer approaching a turnaround moment or is the bottom-line beat simply a sign of just how strong the U.S. consumer is?
Jim Cramer said Nordstrom shares something in common with Kohn
Watch what Cramer had to say in the video above.
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