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At least five retailers have reported September sales and comparable store sales. It is a mixed bag of results: While
L Brands Inc LB,
Costco Wholesale CorporationCOST and
Zumiez IncZUMZ reported an increase in comparable store sales,
Buckle Inc and
Cato CorpCATOLoading...
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disclosed a fall in comparable store sales for September.
Below are a few specifics:
- L Brands reported 3 percent growth in comparable sales, net sales grew 6 percent from $919.9 million to $971.4 million for September.
- Costco revealed 1 percent increase in comparable sales while net sales advanced 10.75 percent to $11.06 billion.
- Zumiez disclosed 6.3 percent uptick in comparable sales for September while net sales grew 11.5 percent from $67.3 million to $75.0 million. As a result, the company boosted its net sales outlook to $216 million–$217 million and EPS of $0.29–$0.30 for the third quarter. Earlier the company guided EPS of about $0.21–$0.26 on net sales of $209 million–$213 million. The retailer expects comparable sales to increase about 2 percent in the third quarter.
- Buckle revealed 15.5 percent drop in comparable store sales while net sales fell 14.8 percent from $97.4 million to $82.9 million.
- Cato reported 9 percent drop in same-store sales for September while net sales fell 8 percent from $83.2 million to $76.2 million in September. As a result, the company slashed its EPS forecast from $0.13–$0.18 to $0.07–$0.11 for the third quarter.
At last check ...
- Buckle was down 3 percent at $22.94 in Thursday's pre-market.
- Cato closed Wednesday's trading at $32.96.
- Costco was up 0.16 percent at $140.22 in Thursday's pre-market.
- L Brands was up 1.39 percent at $71.50.
- Zumiez was up 14.94 percent at $21.00.
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