Retail Same-Store Sales Roundup

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 |  Includes: AEO, ANF, ARO, BEBE, BONT, CACH, CBK, CLE, COST, CTR, DDS, DG, JCP, JWN, KSS, LB, M, MCD, PIR, PSUN, RAD, ROST, SHRP, SKS, SMRT, TGT, TJX, WLSN, WMT
by: SA Eli Hoffmann

Most retailers' February sales numbers came out this morning:

  • WalMart Inc. February same-store sales were up 0.9%, vs. analyst estimates of 1.5%. Total sales rose 8.1% to $26.8b. It said housewares and apparel sales remain weak.
  • Costco Wholesale Corp. said February same-store sales were up 4%, vs. consensus estimates of 5.1%. Total sales were up 9% to $4.22b.
  • Gap Inc. same-store sales fell 4%, vs. analyst estimates of -4.6%. Total sales dropped 5% to $910m. The company said results at Gap and Old Navy stores continue to challenge.
  • Target Corp. same-store sales were up 5.7%, vs. consensus estimates of 5.1%. Total sales rose 10.7% to $4.13b.
  • Limited Brands Inc. February sales at stores open at least one year was up 3%, vs. estimates of a 4% rise. Net sales climbed from $636m to $730m.
  • McDonald's Corp. total same-store sales rose 5.7% (U.S. 3.1% and Europe 5.9%).
  • Abercrombie & Fitch Co. same-store sales fell 6%, vs. estimates of 2.3%. Net sales were up 7% to $207m.
  • Federated Department Stores Inc. same-store sales climbed 1.2%, vs. consensus estimates of 2.8%. Total sales were flat at $1.8b. The store forecasted March/April same-store sales gains of 2.5-4%.
  • J.C. Penney Company Inc. same-store sales fell 0.2%, vs. analyst estimates of a 0.5% fall. Total sales rose 1.6%. The company said it expects a sharp rise in March sales.
  • Kohl's Corp. same-store sales were up 4.4%, vs. estimates of a 2.9% gain.
  • TJX Companies Inc. sales at stores open at least a year rose 2%, vs. analyst estimates of 2.4%. Total sales rose 6% to $1.2b. It said harsh winter weather cooled sales in some regions.
  • Pacific Sunwear of California Inc. said sales at stores open at least one year fell 5.7%, vs. analyst estimates of -3.7%. Total sales rose 1.2% to $88.7 million.
  • Cache Inc. same-store sales were up 1% vs. estimates of 4.6%. Total sales fell 0.5% to $19.9m.
  • Bebe Stores Inc. same-store sales fell 2.2% (the company said the line wasn't "sexy" enough) vs. analyst estimates of +2.2%. Total sales rose 7% to $43m.
  • Nordstrom Inc. same-store sales rose 9.1%. Total sales were up 9.5% to $547m.
  • Pier 1 Imports Inc. said February sales at stores open at least one year fell 8.4% vs. analyst estimates of -4.4%. Total sales were up 14.3% to $120.5m.
  • Claire's Stores Inc. sales at stores open at least a year rose 1% vs. estimates of 2.1%. Total sales rose 9% to $98.9m.
  • Stein Mart Inc. said its same-store sales fell 1.9%, vs. analyst estimates of a 3% gain. Total sales rose 7.3% to $104.3m.
  • Wilsons The Leather Experts Inc. posted a 25% drop in same-store sales, vs. -7.5% estimates.
  • Saks Inc. said yesterday comparable-store sales surged 25%, vs. estimates of 6.4%.
  • American Eagle Outfitters Inc. said yesterday same-store sales rose 6%, vs. estimates of 8.2%.
  • Sharper Image Corp. said yesterday same-store sales fell 24%, its 28th straight month in decline.
  • Dillard's Inc. said its February same-store sales fell 9%, vs. estimates of a 1.2% drop.
  • Aeropostale Inc. same-store sales rose 2.3%, vs. estimates of 2.2%. Total sales rose 12% to $75.5m.
  • Bon-Ton Stores Inc. February sales tripled and same-store sales rose 14.6%, vs. estimates of a 2% drop.
  • PriceSmart Inc. same-store sales jumped 21%. Total sales were also up 21% to $63.3m.
  • Christopher & Banks Corp. sales at stores open at least one year fell 13%, vs. estimates of a 3.6% drop. Total sales climbed 21% to $35m.
  • Cato Corp. same-store sales were flat, in-line with analyst estimates.
  • Rite Aid Corp. same-store sales gained 2.2%, vs. estimates of 3.3%.
  • Dollar General Corp. same-store sales rose 4.9%, vs. analyst estimates of 4.6%. Total sales went from $645m to $696m.
  • Ross Stores Inc. said January sales at stores open at least a year rose 2%, vs. estimates of 1.8%. Total sales increased 38% to $399m.

Sources: Wall Street Journal, MarketWatch I, II, III, IV, V, VI, VII, VIII, IX, X, XI, XII, XIII, XIV, XV, XVI, XVII, XVIII
Commentary: Retailers Post January Same Store SalesAre Retail Sales Good For the Economy?An Optimistic Outlook On Consumer Spending
Stocks/ETFs to watch: Pacific Sunwear of California Inc. (NASDAQ:PSUN), Cache Inc. (NASDAQ:CACH), bebe stores inc. (NASDAQ:BEBE), Nordstrom Inc. (NYSE:JWN), Pier 1 Imports Inc. (NYSE:PIR), Claire's Stores Inc. (CLE), Limited Brands Inc. (LTD), Wal-Mart Stores Inc. (NYSE:WMT), Costco Wholesale Corp. (NASDAQ:COST), Stein Mart Inc. (NASDAQ:SMRT), Wilsons The Leather Experts Inc. (WLSN), Saks Inc. (NYSE:SKS), American Eagle Outfitters Inc. (AEOS), Sharper Image Corp. (SHRP), J.C. Penney Company Inc. (NYSE:JCP), Federated Department Stores Inc. (FD), Dillard's Inc. (NYSE:DDS), Abercrombie & Fitch Co. (NYSE:ANF), Aeropostale Inc. (NYSE:ARO), McDonald's Corp. (NYSE:MCD), Bon-Ton Stores Inc. (NASDAQ:BONT), PriceSmart Inc. (NASDAQ:PSMT), Christopher & Banks Corp. (NYSE:CBK), Cato Corp. (CTR), Rite Aid Corp. (NYSE:RAD), Target Corp. (NYSE:TGT), TJX Companies Inc. (NYSE:TJX), Kohl's Corp. (NYSE:KSS), Dollar General Corp. (NYSE:DG), Ross Stores Inc. (NASDAQ:ROST)

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