May Same-Store Sales Largely Beat Across The Board

shopping, mall, store display

Photo: Flickr / antwerpenR

The nation’s largest retailers reported May sales today that largely outpaced relatively pessimistic expectations. Nearly across the board retailers saw total sales improve from year ago levels, with beats out of Target, Saks, Limited Brands, Nordstrom’s and Macy’s.

On average, analysts forecast sales gains of just 2 per cent.

But not all names in the retail portfolio topped projections, with both Costco and the Gap falling short.

Kohl’s was the only big name to report a decline in sales, blaming it on poor inventory planning. The company’s efforts to more tightly manage goods and costs, which backfired this month, is expected to continue through the summer. 

Below, a round up of today’s reporters.

  • Costco (COST): May Same-Store Sales +4.0 per cent, Street Expected +4.3 per cent
  • Gap Inc. (GPS): May Same-Store Sales +2.0 per cent, Street Expected +3.1 per cent
  • Kohl’s (KSS): May Same-Store Sales -4.2 per cent, Street Expected -1.2 per cent
  • Limited Brands (LTD): May Same-Store Sales +6.0 per cent, Street Expected +4.7 per cent
  • Macy’s (M): May Same-Store Sales +4.2 per cent, Street Expected +4.0 per cent
  • Nordstrom (JWN): May Same-Store Sales +5.3 per cent, Street Expected +5.1 per cent
  • Ross Stores (ROST): May Same-Store Sales +8.0 per cent, Street Expected +5.3 per cent
  • Saks (SKS): Apr. Same-Store Sales +4.0 per cent, Street Expected +2.5 per cent
  • Target (TGT): May Same-Store Sales + 4.4 per cent, Street Expected +3.5 per cent
  • TJX (TJX): May Same-Store Sales +8.0 per cent, Street Expected +5.3 per cent

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