Market Currents

• Thursday, December 3, 2009

• 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

• Tuesday, November 17, 2009

• 09:49 AM Costco (COST +0.1%) stops restocking Coca-Cola (KO +0.1%) products nationwide over a pricing dispute. "At this time, Coca-Cola has not provided Costco with competitive pricing so that we may pass along the value our members deserve." 2 Comments

• Thursday, November 5, 2009

• 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

• 07:33 AM Early same-store sales ((SSS)) results (actual vs. consensus): BKE +5.1% vs. +5.6%. COST +1% vs. -0.7%. HOTT -4% vs. -6.7%. LTD +1% vs. -2.6%. PLCE +1% vs. -1.8%. WTSLA -4.5% vs -7.6%. ZUMZ -0.8% vs. -1.4%. Positive vs. negative suprises: 6:1. Comment!

• Wednesday, October 7, 2009

• 09:37 AM Doug McIntyre wonders if Costco's (COST +3.7%) FQ4 beat is good news for retail: "The company is known for offering value prices to customers who are willing to buy items in volume. There are not many firms in the industry that fall into that category." 1 Comment
• 04:27 AM Costco (COST): FQ4 EPS of $0.83 beats by $0.06. Revenue of $22.38B (-3.1%) in-line. Says sales were negatively impacted by ongoing softness in U.S. sales, higher employee benefit costs, and lower U.S. dollar amounts of international profits as a result of weaker foreign currencies. (PR) 3 Comments
• 00:05 AM Notable earnings before Wednesday's open: COST, FDO, MON, SU 1 Comment

• Tuesday, September 8, 2009

• 09:47 AM Costco (COST +2.1%) gets a pair of upgrades, with Morgan Stanley and Piper Jaffray boosting shares to Overweight. Despite an early jump, "shares remain reasonably valued given the historic premium to the S&P 500 earnings multiple of 1.3x," Piper says. 2 Comments

• Thursday, September 3, 2009

• 09:00 AM Premarket gainers: CRIS +20%. SVA +20%. HCLS +16%. FNM +12%. VICL +12%. DLM +11%. FRE +11%. CIT +7%. AIG +7%. AIB +6%. INO +6%. ABK +6%. ING +6%. ASX +6%. LYG +5%. AEO +5%. COST +5%. GPS +5%. RCL +5%. SOL +5%. NOK +5%. GNW +4%. RBY +4%. ANO +4%. HGSI +4%. DB +4%. ESLR +4%. MT +4%. SPPI +4%. DHT +4%.
  Losers: HOV -10%. FDO -8%. TSEM -7%. VG -5%. ANF -4%. Comment!
• 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 6, 2009

• 08:18 AM SSS #2: Costco (COST) -7% vs. -6.5%. Dillard's (DDS) -12% vs. -13.5%. Fred's (FRED) -4.6% vs. +1%. Hot Topic (HOTT) -8.5% vs. -8.4%. Limited (LTD) -7% vs. -11.7%. Stage Stores (SSI) -10.1% vs. -8%. 2 Comments

• Thursday, July 9, 2009

• 07:05 AM Same-store sales [SSS] (actual % gain/loss vs. consensus): Costco (COST) -6% vs. -6.1%. Hot Topic (HOTT) -7.9% vs. -5.8%. Stage Store (SSI) -12.6% vs. -8.8%. Zumiez (ZUMZ) -19.3% vs. -20.4%. Wet Seal (WTSLA) -11.1% vs. -8.7%. 2 Comments

• Thursday, June 4, 2009

• 11:21 AM Most retailers missed Street estimates in May, with a median surprise of -0.6%. Outperfomers included Aeropostale (ARO +1.8%). Costco (COST -3.7%) missed estimates, as did Target (TGT -3.8%) and Gap (GPS -5.7%). May marks the first post-Wal-Mart (WMT -0.7%) comps month. Real Time Economics has a sortable table. 1 Comment
• 07:45 AM Same-store sales [SSS] (actual % gain/loss vs. consensus): Cato Corp (CTR) -3% vs. -1.5%. Children's Place (PLCE) -9% vs. -1.6%. Costco (COST) -7% vs. -6.3%. Fred's (FRED) +0.2% vs. +1.5%. Hot Topic (HOTT) -6.4% vs. -4.8%. Comment!

• Thursday, May 28, 2009

• 05:48 AM Costco (COST): FQ3 EPS of $0.48 misses by $0.05. Revenue of $15.8B (-4.9%) vs. $16.2B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: BIG, COST, FRO, HNZ, TSL, VIP Comment!