Nordstrom reported better-than-expected third-quarter earnings for FY24, with adjusted earnings per share (EPS) of $0.33, surpassing the estimated $0.22. The company achieved net sales of $3.35 billion, in line with expectations, and total revenue of $3.46 billion, exceeding the forecast of $3.34 billion. SG&A expenses amounted to $1.23 billion, slightly above the estimated $1.19 billion. Nordstrom's off-price stores and flagship chains contributed to this growth, with comparable sales growth revised upward to 1%-2%. The company also raised the lower end of its fiscal-year sales outlook and projected adjusted EPS for FY24 to range between $1.75 and $2.05, citing strong consumer demand for clothing and shoes, despite an uncertain economic environment. Urban Outfitters also delivered strong third-quarter results, with record net sales of $1.36 billion, a 6.3% year-over-year increase, and net income of $102.9 million. The company's Anthropologie brand led the growth, and Urban Outfitters expressed optimism for the holiday season, noting a reduced need for aggressive discounting. Urban Outfitters' EPS for the quarter was $1.10. Shares of Urban Outfitters surged following the announcement, with analysts upgrading the stock and projecting further brand recovery.