Here’s a rundown:
Costco Wholesale Corp. (NASDAQ: COST) reported same-store sales for the four weeks ended October 28 rose 7%, compared with October 2011, and above a consensus estimate of 6.6%. Excluding gasoline, same-store sales growth totaled 5%. For the first nine weeks of its current reporting period, same-store sales are also up 7% and total sales are up 9% year-over-year.
The Wet Seal Inc. (NASDAQ: WTSLA) reported same-store sales for the four weeks fell 7.6%, awful but better than September’s drop of 12.7%. The women’s clothing retailer also said that its fourth-quarter loss would now be $0.13 per share, the better end of the prior range. The net loss may be larger depending on potential asset impairment charges.
Limited Brands Inc. (NYSE: LTD) said same-store sales for the four weeks ended October 28 rose 3% compared with October 2011 and a consensus estimate for a rise of 5%. For the third quarter, which ended October 27, same-store sales rose 5% and net sales slipped to $2.05 billion from $2.17 billion a year ago.
Target Corp. (NYSE: TGT) posted a same-store sales gain in October of 2.4%, slightly below expectations for a gain of 2.9%.
The Buckle Inc. (NYSE: BKE) reported same-store sales for October rose 3.8%, compared with the same month a year ago. Same-store sales year-to-date are up 3.2%.
Nordstrom Inc. (NYSE: JWN) reported same-store sales rose 9.7% compared with October 2011, and total sales rose 2.7%. Year-to-date same-store sales are up 7.7%, and total sales are up 11.7% compared with 2011.
Gap Inc. (NYSE: GPS) reported same-store sales rose 4% for the four weeks ended October 27. The consensus estimate called for a gain of 5.6%.
Zumiez Inc. (NASDAQ: ZUMZ) reported that same-store sales rose 0.6% in October, well below an estimate of 4.4% from Retail Metrics. The worse news is that the company lowered its third-quarter guidance from a previous range of $0.42 to $0.45 to a new range of $0.38 to $0.39.
Gap’s shares are down 1.2% at $35.28 in early trading this morning, in a 52-week range of $17.62 to $37.85.
Wet Seal’s shares are up 2.2% to $2.92, in a 52-week range of $2.42 to $4.32.
Target’s shares are down fractionally this morning at $63.48, in a 52-week range of $47.25 to $65.80.
Limited’s shares are down 2.5% this morning at $46.67, in a 52-week range of $37.57 to $52.20.
Costco shares are down fractionally to $98.41, in a 52-week range of $78.81 to $104.43.
Nordstrom’s shares are up about 1% to $57.32, last night in a 52-week range of $44.22 to $58.44.
Zumiez’s shares are down 13.6% at $21.88m in a 52-week range of $20.91 to $41.96.
Paul Ausick
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.