Retailers are announcing June U.S. same-store sales figures Thursday morning. Research firm Retail Metrics had forecast a year-over-year decrease of 0.3% for the month and a 0.9% sales increase for the second quarter. In May, same-store sales were down 0.7%.
After markets close Thursday afternoon, Gap Inc. (NYSE: GPS) is expected to post a decline of 3.6% across all its stores, with Banana Republic stores diving more than 10%.
Here are results from the stores we track:
Buckle Inc. (NYSE: BKE) reported same-store sales for June fell 10.6% compared with the same month a year ago. The Retail Metrics estimate called for sales to drop 9.2%. Net sales for all stores fell 10.1% and totaled $78.3 million for the month. These results include the impact of both reward redemptions and accruals for estimated future rewards related to Buckle’s loyalty program launched in April.
Buckle’s shares were inactive in Thursday’s premarket, having closed at $25.72 on Wednesday, up about 2.6% for the day, in a 52-week range of $22.00 to $47.00.
Costco Wholesale Corp. (NASDAQ: COST) reported that June same-store sales, including gasoline sales and foreign exchange effects, were flat in the United States, up 1% in Canada and down 3% internationally. Globally, same-store sales were flat compared with June 2015. Excluding gasoline and currency exchange effects, U.S. sales rose 2%, Canadian sales rose 7% and international sales rose 2%. On the same basis, worldwide same-stores sales in the quarter rose 3%. Net sales for the month totaled $11.33 billion, up 3% year-over-year. Retail Metrics had projected a same-store sales rise 0.2% (up 3.1% excluding gasoline sales).
Costco shares traded up about 1.4% in Thursday’s premarket, at $158.18, having closed at $156.01 on Wednesday. The stock’s 52-week range is $117.03 to $169.73.
L Brands Inc. (NYSE: LB) said same-store sales for June increased 6% compared with last year’s sales. Retail Metrics had estimated a rise of 1.9%. L Brands operates Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel stores. The largest gain came from the company’s Bath & Body Works, up 7% year over year in the month. Net sales rose 7% to $1.3 billion in June.
L Brands’ shares traded up about 0.8% in Thursday’s premarket session to $69.00. Shares closed at $68.47 on Wednesday, and the stock’s 52-week range is $60.00 to $101.11.