Various retailers are scheduled to report their April headline comps soon. Paul Trussell of Deutsche Bank offered a glance into four unique retailers and detailed what investors should expect.
Costco
Costco Wholesale Corporation COST (reporting May 4) is expected to report its April same-store sales rose 1 percent (in line with March) on traffic gains of 3.5 percent (versus 3.6 percent in March).
Gap
Gap Inc GPS (reporting May 9) is expected to report its April same-store sales rose 3.5 percent (versus a 6 percent decline in March), exceeding the Street's expectations of a 3.1 percent gain.
L Brands
L Brands Inc LB (reporting May 5) is expected to report its April same-store sales rose 5 percent – in line with the Street's estimate and consistent with the company's low-single to mid-single digit guidance.
The Buckle
Buckle Inc BKE (reporting May 5) is expected to report its April same-store sales fell 7.0 percent, which is worse than the Street's forecast of a 5.8 percent decline, but above the company's March reading of an 11.8 percent decline.
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