Earlier today, Andrea looked in on some of the retailers reporting their April same-store sales results. Below, I have listed another grouping of retailers that released their monthly sales figures.
Children's Retailers
The Children's Place Retail Stores (PLCE) announced April same-store sales rose 15%, crushing the Street estimate for a 5.5% increase. Total sales for April climbed 24% to $128.7 million. The stock is currently up 2.7%
Gymboree (GYMB) reported first-quarter same-store sales rose 4%, while net sales increased 16% to $238.9 million. The company said it now expects its first-quarter earnings to be in the range of 83 cents to 85 cents per share. The stock is currently up 5.6%.
Discount Retailers
Family Dollar Stores (FDO) announced April same-store sales rose 4.3%, falling shy of the consensus estimate for a 4.9% increase. April total sales rose 7.2% to $516 million. The retailer said it expects May same-store sales to be flat to up 2%. The shares are currently down 2.6%.
Big Lots (BIG) posted a 2.1% rise in first-quarter retail sales to $1.1 billion, while same-store sale climbed 3.4%. The stock is up 0.22%.
BJ's Wholesale Club (BJ) has dropped more than 3% today after reporting that April same-store sales rose 17.8%, including a contribution of 5.5% from sales of gasoline. Analysts, on average, had expected the same-store sales to rise 10.8%. Sales for the month rose 20.4% to $744.5 million.
Costco Wholesale (COST) has declined 1.2% after reporting that same-store sales increased 8% in April, helped by strong international growth and rising gasoline prices. The consensus estimate was for a 6.1% increase. The company said excluding gasoline price inflation, comparable sales would have been up 5% in its U.S. home market. Total sales for the 4 weeks ended May 4 rose 12% to $5.54 billion.
Mall-Based Retailers
Pacific Sunwear (PSUN) reported same-store sales grew 4% in April, falling short of the Street estimate for growth of 5.6%. Total sales from the PacSun division in the first 13 weeks of the fiscal year eased to $266.8 million from $267.9 million. The stock is currently down 1.9%
New York & Co. (NWY) has jumped 2.5% on news that its first-quarter same-store sales fell 6.6%. Net sales for the 13 weeks ended May 3 fell 1.5% to $270.1 million. The retailer said it expects first-quarter earnings of about 10 cents per share, compared to the year-earlier 8 cents per share, noting that better gross margins offset the expected decline in same-store sales. The consensus estimate for the quarter currently stands at 6 cents per share.
Limited Brands (LTD) reported April same-store sales slipped 5%, missing the consensus estimate for a 2.3% decline. Net sales for the period were $577.5 million, down from $688 million last year. The stock is currently up 1.77%.
American Eagle Outfitters (AEO) has dropped more than 2% after reporting that same-store sales for April rose 2% compared to the consensus estimate for a 0.6% drop. Total sales rose 15% to $197.7 million. The retailer affirmed its first-quarter earnings outlook of 18 to 20 cents a share. AEO is currently down 2.2%
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