Retail Details: Children's Retails Post Strong Sales, Family Dollar Falls Short

Tags: PLCE
9 May 3:45am
Read original blog entry

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%


Copyright Schaeffer's Investment Research http://www.schaeffersresearch.com

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment

About

SchaeffersResearch

Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.