Market Currents

• Thursday, December 3, 2009

• 08:40 AM Nov. same-store sales (actual vs. Briefing.com estimate), update #2:
  ANF -17% vs. -10%.
  AEO -2% vs. -2.2%.
  CATO 0% vs. -1.5%.
  DDS -11% vs. -8%.
  FRED -3.3% vs. -1.5%.
  GPS 0% vs. -0.2%.
  JCP -5.9% vs. -4.5%.
  JWN +2.2% vs. +2%.
  KSS +3.3% vs. +0.8%.
  M -6.1% vs. -3.2%.
  SKS -26.1% vs. -21%.
  TGT -1.5% vs. -0.6%.
  TJX +8% vs. +9.1%.
  WTSLA -5% vs. -6.6%.
  8 misses, 6 beats, for a total of 18 misses and 7 beats. 4 Comments

• Thursday, November 12, 2009

• 07:18 AM Kohl's (KSS): Q3 EPS of $0.63 beats by $0.02. Revenue of $4.05B (+6.5%) in-line. Sees Q4 EPS of $1.14-1.24 vs. $1.25. (PR) Comment!
• 00:05 AM Notable premarket earnings: ACM, ECA, KSS, URBN, WMT 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 3, 2009

• 09:51 AM Retailers' same-store sales fell for the 12th straight month (I, II, III, IV, V), but results at Target (TGT +1.4%), Kohl's (KSS +1.5%) and Gap (GPS +5%) topped analyst expectations. Weak spots included Abercrombie & Fitch (ANF -3.8%) and Family Dollar Stores (FDO -8.4%). Still, the decline was smaller than July's. SPDR S&P Retail ETF (XRT) is +0.5% to $31.36. 4 Comments
• 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 13, 2009

• 07:13 AM Kohl's (KSS): Q2 EPS of $0.75 beats by $0.01. Revenue of $3.8B (+2%) in-line. Issues downside guidance: sees Q3 EPS of $0.40-0.44 vs. $0.47 consensus, Q4 EPS of $0.99-1.06 vs. $1.14 consensus, FY '10 EPS of $2.59-2.70 vs. $2.78 consensus. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: DPS, EL, GIL, KSS, URBN, WMT Comment!

• Thursday, August 6, 2009

• 08:44 AM SSS #5: Cato Corp (CTR) -3% vs. +2%. JC Penney (JCP) -12.3% vs. -12.2%. Kohl's (KSS) +0.4% vs. -4%. Nordstrom (JWN) -6.9% vs. -11%. Ross Stores (ROST) +4% vs. +0.8%. Stein Mart (SMRT) -5.5%. Comment!

• Thursday, July 9, 2009

• 08:44 AM SSS #5: Kohl's (KSS) -5.6% vs. -6.7%. Nordstrom (JWN) -10% vs. -10.6%. Ross Stores (ROST) +1% vs. -1.8%. Saks (SKS) -4.4% vs. -9.8%. Target (TGT) -6.2% vs. -5.9%. Comment!

• Thursday, June 4, 2009

• 08:43 AM SSS #4: Macy's (M) -9.1% vs. -9%. Dillard's (DDS) -12% vs. -7%. JC Penney (JCP) -8.2% vs. -9%. Kohl's (KSS) -0.4% vs. -5%. Nordstrom (JWN) -13.1% vs. -14.2%. Comment!

• Thursday, May 14, 2009

• 07:06 AM Kohl's (KSS): Q1 EPS of $0.45 beats by $0.02. Revenue of $3.64B (+0.4%) in-line. Sees Q2 EPS of $0.56-0.64, in-line. Sees full-year EPS of $2.19-2.42, vs. a previous $2.00-2.30, vs. consensus of $2.53. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AMSC, AEG, GIL, IAG, KSS, LEA, PBH, SNE, URBN, WMT Comment!

• Thursday, May 7, 2009

• 10:13 AM SSS #6: Dillard's (DDS) -6.0% vs. -10.4%. Kohl's (KSS) -6.2% vs. -7.3%. Nordstrom (JWN) -10.8% vs. -12.1%. Stage Stores (SSI) -1.5% vs. -7.0%. Comment!
• 09:58 AM Kohl's (KSS): Sees Q1 EPS of $0.43-0.44, up from a previous $0.27-0.34 and consensus of $0.35. Shares +1.1%. (PR) Comment!

• Thursday, March 5, 2009

• 08:42 AM SSS #4: Kohl's (KSS) -1.6% vs. -3.8%. Macy's (M) -8.5% vs. -7.3%. Ross Stores (ROST) +1.0% vs. -2.9%. Saks (SKS) -26.0% vs. -20.4%. Target (TGT) -4.1% vs. -5.1%. TJX Cos (TJX) 0.0% vs. -1.6%. Comment!