Retail Companies Reporting June Sales (LTD, BKE, CATO, WTSLA, COST)
Limited Brands, Inc. (NYSE:LTD)’s comparable store sales increased 7% for the five weeks ended June 30, 2012, as compared to the same period last year. The company reported net sales of $1.077 billion for the five weeks ended June 30, 2012, as compared to $1.080 billion last year. June 2011 and 2011 year-to-date sales included $80.0 million and $362.9 million attributable to the third party apparel sourcing business, which was sold in November 2011.
The Buckle, Inc. (NYSE:BKE) shares declined 6.73% to $37 in the pre-market hour after the company announced today that comparable store net sales, for stores open at least one year, for the five-week period ended June 30, 2012 decreased 2.5% from comparable store net sales for the same period in July. Net sales for the five-week fiscal month ended June 30, 2012 decreased 0.3% to $79.4 million from net sales of $79.6 million for the prior year five-week fiscal month ended July 2, 2011.
Cato Corp (NYSE:CATO) announced that it now expect second quarter 2012 earnings per diluted share (EPS) at the low end of original guidance range of $.53 to $.57. Analysts are expecting the company to report EPS of $0.59 for the second quarter of 2012.
The Wet Seal, Inc. (NASDAQ:WTSLA) said net sales for the five-week period ended June 30, 2012 decreased 7.5% to $53.6 million. Comparable store sales for the month fell 9%, as compared to an increase of 7.3% last year. E-commerce sales declined 5% in June compared to a 17% decrease for the prior year month. The management of the company continues to expect a fiscal second quarter net loss in the range of $0.03 to $0.06 per diluted share, with comparable store sales also still expected to decline between 7% and 11%.
Costco Wholesale Corporation (NASDAQ:COST) stock fell 1.50% to $93 in the pre-market hour after the company reported net sales of $9.18 billion for the month of June, 2012, an increase of 6% from $8.69 billion during the same period last year. For the forty-four weeks ended July 1, 2012, the Company reported net sales of $80.46 billion, an increase of 10% from $73.44 billion during the similar period last year.