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UPDATE: Ross Stores Reports 4% Surge In May Same-Store Sales
Thursday, June 2, 2011 - 8:44am | 63Ross Stores Inc (NASDAQ: ROST) reported a 4% rise in its May same-store sales on Thursday. ROST's total sales for the four weeks ended May 28 climbed 8% to $661 million. However, analysts were expecting same-store sales to climb 3.8%. ROST shares closed at $80.72 yesterday. Read more from...
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Benzinga's Top Downgrades
Thursday, June 2, 2011 - 8:42am | 142Analysts at Janney Montgomery Scott downgraded Zumiez Inc (NASDAQ: ZUMZ) from “buy” to “neutral.” ZUMZ's shares closed at $29.40 yesterday. Zumiez's trailing-twelve-month profit margin is 5.65%. Analysts at Bank of America Merrill Lynch downgraded Cracker Barrel Old Country Store Inc (NASDAQ: CBRL...
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Ross Stores May Same Store Sales up 4%
Thursday, June 2, 2011 - 8:38am | 52Ross Stores, Inc. (Nasdaq: ROST) today reported that sales increased 8% to $661 million for the four weeks ended May 28, 2011, up from $614 million for the four weeks ended May 29, 2010. Comparable store sales for the month grew 4% on top of a 5% gain in the prior year period.
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The TJX Companies May Comparable Store Sales up 2%
Thursday, June 2, 2011 - 8:37am | 97The TJX Companies, Inc. (NYSE: TJX) today reported May 2011 sales results. Sales for the four-week period ended May 28, 2011, were $1.7 billion, up 7% over the $1.6 billion achieved during the four-week period ended May 29, 2010. For the 17-week period ended May 28, 2011, sales reached $6.9 billion...
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UPDATE: Gap Reports Higher-Than-Expected Drop In May Same-Store Sales, Shares Down In Pre-Market Trading
Thursday, June 2, 2011 - 8:33am | 76The Gap Inc (NYSE: GPS) reported a 4% drop in its May same-store sales. Gap's net sales came in at $1.06 billion, versus $1.05 billion, in the year-ago quarter. Analysts were expecting a 1% fall in comparable sales. Gap North America's comparable sales dropped 4%, while its international same-...
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Citigroup Reports on Coldwater Creek
Thursday, June 2, 2011 - 8:14am | 143Citigroup commented on Coldwater Creek (NASDAQ: CWTR) in a report released today. In the report, Citigroup was mixed in its assessment of the company. Citigroup writes, "Summer deliveries hit the stores in early April and 2Q sales are off to a rocky start with a continued slump in traffic a key...
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Piper Jaffray Reports on Coldwater Creek
Thursday, June 2, 2011 - 7:36am | 61Piper Jaffray commented on Coldwater Creek (NASDAQ: CWTR) in a report released today. In the report, Piper Jaffray was mixed in its assessment of the company. Piper Jaffray currently has a Neutral rating on Coldwater Creek and a price target of $2. Shares of CWTR closed at $1.83 on Wednesday, down...
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A Peek Into The Market Before The Trading Starts
Thursday, June 2, 2011 - 7:25am | 394Pre-open movers US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 32 points to 12,306.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100...
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Limited Brands Reports 6% Surge In May Same-Store Sales
Thursday, June 2, 2011 - 7:15am | 67Limited Brands Inc (NYSE: LTD) reported a 6% rise in its May same-store sales on Thursday. Analysts were expecting same-store sales to increase 7%.Its net sales for the four weeks ended May 28 surged to $717.4 million from $657.3 million. Limited Brands shares fell 3.13% to close at $38.71...
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Wedbush Reiterates Neutral Rating on Zumiez
Thursday, June 2, 2011 - 7:14am | 111According to a recent report from Wedbush, the same-stores sales for Zumiez (NASDAQ: ZUMZ) were inline with expectations and above consensus estimates in May. Moving forward, Wedbush believes ZUMZ will continue the strong sales momentum and the company reiterates a Neutral rating and a $28.00 price...
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The Buckle May Comparable Store Sales up 8.8%
Thursday, June 2, 2011 - 7:01am | 73The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended May 28, 2011 increased 8.8 percent from comparable store net sales for the four-week period ended May 29, 2010. Net sales for the four-week fiscal month...
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Citigroup Lowers PT On Coldwater Creek To $2
Thursday, June 2, 2011 - 6:34am | 26Citigroup has lowered the price target on Coldwater Creek (NASDAQ: CWTR) from $4 to $2 and maintains its Hold rating.
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Stage Stores Reports 1.1% Increase In May Same-Store Sales
Thursday, June 2, 2011 - 6:30am | 61Stage Stores Inc (NYSE: SSI) reported a 1.1% rise in its May same-store sales on Thursday. SSI's May same-store sales surged to $117 million. However, analysts were expecting a 3% rise in same-store sales. SSI shares fell 1.61% to close at $17.75 yesterday. Read more from Benzinga's Company...
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US Stock Futures Up As Investors Await Jobless Claims, Retail Sales Data
Thursday, June 2, 2011 - 6:24am | 458US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 28 points to 12,302.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100 futures surged 10....
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Earnings Scheduled For June 2
Thursday, June 2, 2011 - 12:59am | 420Cascade Corporation (NYSE: CASC) is estimated to report its Q1 EPS at $0.82 on revenue of $113.33 million. SAIC Inc (NYSE: SAI) is projected to report its Q1 EPS at $0.33 on revenue of $2.71 billion. The Descartes Systems Group Inc (NASDAQ: DSGX) is projected to report its Q1 EPS at $0.12 on...