« April 2008 | Main

May 8
Retail sales look pretty good, but is there a catch?

Today was the day for same store sales across the retail sector. Considering how they have done in recent months, the retailers released some pretty impressive numbers as a whole today. There were pockets of real strength along with some very notable weakness. Before going any farther I will point out some of the strongest and weakest releases.

Surprised to the upsideretail%20sales.jpg

  • Children's Place (Nasdaq:PLCE) This company is trying to right the ship and the recent sale of the Disney stores back to Disney seems to have helped in a big way already. PLCE came in at +15% vs estimates of 5.3%.
  • Saks (NYSE:SKS) The same store sales results were great, 23.9%, but it was tempered enthusiasm as the company said that promotions drove those sales, and margins would be hurt.
  • BJ's Wholesale (NYSE:BJ) Came in at 17.8% higher vs. estimates of 9.8% higher.
  • Aeropostale (NYSE:ARO) Up a staggering 25% vs. an estimate of 8%
  • Kohl's Corporation (NYSE:KSS) Reported a gain of 3.5% vs. estimates for 1.8%.
  • Abercrombie and Fitch (NYSE:ANF) Reported a 6% gain vs. estimates for a gain of just 2.4%
  • Costco (Nasdaq:COST) Reported an 8% gain vs. estimates of a 6.1% gain. This retailer has proven to be the most consistent of them all lately.

Surprises to the downside

  • The Gap (NYSE:GPS) Same store sales fell 6% vs. estimates of a loss of 1.8%. This company just continues to perpetually disappoint.
  • Target (NYSE:TGT) Same store sals were up 3.1%, but that fell short of estimates of a gain of 4.2% in the month.
  • Limited (NYSE:LTD) Results were worse than analysts had forecast, with the company reporting a loss of 5% vs. estimates of a 2.3% loss.
  • Pacific Sun (Nasdaq:PSUN) Reported an increase of 4%, but fell short of estimates for a 5.6% increase.
Continue Reading
May 7
Have interest rates bottomed out? What should the Fed do?
May 5
So much for that changing of the guard on wall street!
May 4
Weekly Earnings Preview for May 5th-9th
Microsoft abandons offer for Yahoo
May 3
The inflation debate heats up.
May 1
Changing of the guard or just a headfake?

« April 2008 | Main

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