Seattle–Nordstrom Inc. has raised its earnings outlook for the year after posting a 43.8% hike in first quarter profit. The retailer, which operates 193 stores, said it expects earnings in the range of $2.50 to $2.65 per share for the year, up from earlier forecasts of $2.35 to $2.55. The company’s stock has more than doubled since July of 2009, when it hit a low below $19.
The lift came as it reported net earnings of $116 million or $0.52 per share for the quarter, up from $81 million or $0.37 per share, in the same period last year. Net sales for the three months to 1 May rose 16.7% to $1.99 billion, up from $1.71 billion last time. Same-store sales increased 12.0%.
Top-selling items included jewelry, dresses and women’s shoes. Geographically, the top performing regions of the company were Midwest, Northeast and Southern regions. California, where the economy has been particularly hard hit by the recession, is still having difficulty regaining.
For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.