JULY SAME-STORE SALES NUMBERS:
(RED = Missed Estimates & GREEN = Beat Estimates)
Abercrombie (ANF) -28% vs. -25.7%, BJ’s Wholesale (BJ) -9.1% vs. -5.9%, Costco (COST) -7% vs. -6.5%, Dillard’s (DDS) -12% vs. -13.5%, Limited (LTD) -7% vs. -11.7%, Buckle (BKE) +2.8% vs. +10.2%, Gap (GPS) -8% vs. -8.6%, Macy’s (M) -10.7% vs. -8.8%, JC Penney (JCP) -12.3% vs. -12.2%, Kohl’s (KSS) +0.4% vs. -4.0%, Ross Stores (ROST) +4.0% vs. +0.8%, Nordstrom (JWN) -6.9% vs. -11%, Target -6.5% vs. -5.8%, TJX Cos. (TJX) +4% vs. +2.1%
One of the more surprising movers in early trading is The Buckle (BKE), which is down over 10% to a new multi-month low. The once darling on Wall Street has struggled the last few months and is a stock to stay away from at this point. Moving to the upside is Limited (LTD) up 10%, Gap (GPS) up 6%, Sears Holding (SHLD) up 3%, Macy’s (M) up 8%, |