Market Currents

• Monday, December 7, 2009

• 16:09 PM Teen retailer Aeropostale (ARO) adds $250M to its plans to repurchase shares - "a highly attractive use of our capital," according to Chairman and CEO Julian Geiger - bringing its entire program to $850M, with $290M of authorization remaining. Shares +1.3% AH. (PR) Comment!

• Thursday, December 3, 2009

• 09:00 AM Premarket gainers: ABK +18%. TPI +17%. PIR +9%. CYTR +7%. AIB +7%. TGB +6%. RYAAY +5%. THC +5%. MBI +4%. DLM +4%. DRYS +4%. BAC +3%.
  Losers: PLCE -10%. ARO -8%. ENDP -9%. APWR -7%. SNPS -7%. ANF -7%. STEM -5%. DYAX -4%. Comment!
• 07:45 AM Nov. same-store sales (actual vs. Briefing.com estimate), update #1:
  ARO +7% vs. +10%.
  APP -11% vs. -3%.
  BKE +1.4% vs. +4%.
  BONT -6% vs. +1%.
  COST +6% vs. +8.2%.
  HOTT -11.7% vs. -7.9%.
  LTD +3% vs. -2.3%.
  PLCE -13% vs. +0.8%.
  SMRT -7.2% vs. -6.5%.
  SSI -12.5% vs. -5.3%.
  ZUMZ -8.5% vs. -8.1%.
  10 misses, 1 beat. 9 Comments

• Wednesday, December 2, 2009

• 16:11 PM Aeropostale (ARO): Q3 EPS of $0.92 beats by $0.01. Revenue of $568M (+18%) vs. $566M. Same-store sales up 7%. Shares -1.9% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: ARO, PSS, SNPS Comment!

• Thursday, November 5, 2009

• 10:38 AM Retail's one of the few sectors under pressure early on, after retailers posted same-store sales that often failed to match Wall Street expectations (table). Of those reporting, 12 came in below consensus, 13 exceeded projections, and two were in line. Big losers: Aeropostale (ARO -16%), American Eagle (AEO -11%). Big gainers: Children's Place (PLCE +8%), Bon-Ton (BONT +7%), Wet Seal (WTSLA +6%). Comment!
• 09:00 AM Premarket gainers: LAMR +16%. R +16%. ONNN +8%. DYN +7%. DIRI +7%. IRE +5%. BCRX +5%. NVAX +5%. MGM +5%. PCS +5%. CTIC +4%. CVM +4%. ING +4%. TRA +4%. QCOM +4%. AIB +4%. FNM +4%. CSCO +4%. CNO +4%. AMMD +4%.
  Losers: CVS -10%. AEO -10%. ARO -10%. WFMI -10%. DPTR -9%. BEE -8%. CF -7%. ATPG -7%. ABK -6%. Comment!
• 08:48 AM Same-store sales ((SSS)) results (actual vs. consensus):
  ANF -15% vs. -15.1%.
  ARO +3% vs. +13.5%.
  APP -6% vs. -12%.
  AEO -5% vs. +1.9%.
  BJ -1.1% vs. -0.3%.
  BONT +3.1% vs. -4%.
  PLCE -2% vs. -3.6%.
  COST +5% vs. +4.8%.
  FRED +0.4% vs. +1.4%.
  GPS +4% vs. +1.4%.
  HOTT -2.6% vs. -4.1%. Comment!

• Thursday, October 8, 2009

• 08:44 AM Same-store sales results #3 (actual vs. consensus): ARO +19% vs. +12.3%. CTR +6% vs. flat. JCP -1.4% vs. -3.3%. KSS +5.5% vs. +0.2%. JWN -2.4% vs. -5.9%. ROST +8% vs. +7.3%. SKS -11.6% vs. -11.9%. TGT -1.7% vs. -2.2%. TJX +7% vs. +4.1%. Total positive vs. negative suprises: 21:5. Comment!

• Thursday, September 24, 2009

• 08:25 AM Aeropostale (ARO) CEO Julian Geiger, at the helm of the teen retailer since 1996, is stepping down. Mindy Meads, president and chief merchandising officer, and Thomas Johnson, COO, to serve as co-CEOs. CFO Michael Cunningham to serve as president in addition to his current position. ARO -1.3% premarket. (PR) Comment!

• Thursday, September 3, 2009

• 08:50 AM SSS #5: Aeropostale (ARO) +9% vs. +6.9%. Costco (COST) -2% vs. -5.6%. Kohl's (KSS) +0.2% vs. -1.6%. Macy's (M) -8.1% vs. -7.6%. Ross Stores (ROST) +6% vs. +4.4%. Saks (SKS) -19.6% vs. -13.7%. 1 Comment

• Thursday, August 20, 2009

• 16:09 PM Aeropostale (ARO): Q2 EPS of $0.57 beats by $0.01. Revenue of $453M (+20%) vs. $452M. Shares -1.1% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: ARO, BRCD, CRM, FL, GPS, INTU, WTSLA Comment!

• Thursday, August 6, 2009

• 09:00 AM Premarket losers: OCNF -17%. EAT -14%. PCS -11%. BKE -11%. EXM -11%. ANPI -10%. KLIC -9%. DPTR -8%. IO -7%. DCP -7%. INO -5%. OSK -5%. STEC -5%. ACAD -5%. CNQR -4%. TKC -4%. EGLE -4%. ARO -4%. Comment!
• 08:42 AM SSS #4: Macy's (M) -10.7% vs. -8.8%. Saks (SKS) -16.3% in-line. Target (TGT) -6.5% vs. -5.8%. TJX Cos (TJX) +4% vs. +2.1%. Aeropostale (ARO) +6% vs. +10.2%. Comment!

• Thursday, July 9, 2009

• 08:13 AM SSS #3: Abercrombie (ANF) -32% vs. -27.8%. Aeropostale (ARO) +12% vs. +10.2%. American Eagle (AEO) -11% vs. -7.8%. BJ's Wholesale (BJ) -7.5% vs. -7.4%. Cato Corp (CTR) -3% vs. -4%. Dillard's (DDS) -14% vs. -10.3%. Comment!