Limited Brands’ same-store sales rose 7%, compared with a consensus estimate of 4.4%. Net sales fell by -2.3%, however, from $893 million a year ago to $872.6 million. The company also announced a $2/share special dividend to be paid on December 23rd to shareholders of record on December 12th.
The Talbot’s Inc. (NYSE: TLB) reported third-quarter earnings this morning and posted an adjusted EPS loss of -$0.22, compared with a consensus estimate of an EPS loss of -$0.16. Same-store sales fell by -4% in November. Talbot’s has closed 35 store locations so far this year and plans to close a total of 110 locations by the end of its 2013 fiscal year.
Costco’s same-store sales rose 7%, excluding gasoline and currency effects. Including gasoline, sales were up 9%. Analysts were expecting a rise of 6.5%.
Target posted a same-store sales gain of 1.8% in November, but analysts were looking for a gain of 2.8%. The company’s CEO said that he expects December to offer a “competitive and promotional environment as consumers continue to focus on value.”
Macy’s same-store sales rose 4.8% last month, and total sales were up 5.3%. The consensus estimate for same-store sales was an increase of 4.1%.
Dillard’s posted a same-store sales jump of 3%, in-line with the average estimate.
Nordstrom reported November same-store sales rose 5.6%, compared with an average analyst estimate of 5%. Total sales rose nearly 12% in November.
Kohl’s reported that November same-store sales fell -6.2%, while analysts were expecting a 2% increase. The CEO called the results “disappointing,” and said that the company expects to benefit from customers seeking value during the remainder of the holiday shopping season.
Gap same-store sales fell by -5%, more than the analysts’ expectation of a -4.3% decline. The company’s CEO expects December to “to remain fiercely competitive and highly promotional.”
Ross posted a same-store sales increase of 5% in November, better than the 3.7% that analysts were expecting. The company said it expects a 3%-4% increase in December as well.
Penney’s same-store sales fell -2% in November, compared with a -1.6% decline expected by the analysts. Total sales also fell by nearly -6% in the month.
TJX reported same-store sales growth of 4%, in-line with the average estimate. The company’s CEO said that the store would have performed better but for the warmer weather which put off winter clothes buying.
Lululemon reported third-quarter earnings today, noting that same-store sales jumped 16% in the quarter. Shares are down more than -11% in the first half-hour of trading this morning. Here’s our coverage of the company’s earnings report.
Stage Stores reported same-store sales rose 2.3%, compared with an estimate for a flat month. Total sales rose 4.3%, and the company’s CEO said that the final week of the month was “very strong.”
Pier One released third quarter sales figures today, and same-store sales for the quarter ending November 27th rose 7%. The company said quarterly EPS would be $0.20-$0.21, compared with the consensus EPS estimate of $0.18. Same-store sales for the holiday weekend were up 10% over last year.