Saks Reports 11.9% Jump In June Comparable-Store Sales, Shares Rise In Pre-Market

Saks Inc SKS reported an 11.9% surge in its June sales at stores open at least one year. Analysts were expecting same-store sales to surge 7%. The retailer's total sales for the five weeks ended July 2 climbed 8.7% to $258.6 million. Saks shares gained 2.98% to $11.75 in pre-market trading. Read more from Benzinga's Company news.