Content about Comps

July 31, 2014

HH Gregg president and CEO Dennis May expected the company’s first quarter to be challenging, but he did not envision a 10.2% same store sales decline or a $10.3 million loss.

July 23, 2014

Sales at Tractor Supply’s 1,331 stores topped $1.5 billion during the first quarter but decelerating comp store growth and cool spring weather weighed on profit growth.

March 19, 2014

Pacific Sunwear overcame weak mall traffic and bad weather to log its eighth consecutive quarter of same-store sales growth with a 2% comp increase in the fourth quarter.

January 8, 2014

The Container Store posted a better than expected profit performance during its first quarter as a public company but offered a full year outlook analysts found underwhelming.

February 28, 2013

Sixty percent of retailers with at least two years of negative comps turn them positive.

November 29, 2012

A worse than expected 1% decline in November same store sales indicates the holiday season is off to a slow start at Target.

August 30, 2012

A back-to-basics approach in Walmart’s apparel department has enabled the company to produce a modest degree of sales growth, but other value players are delivering high single digit comps.

August 17, 2012

Same stores sales increased 4.2%, total sales increased 4.6% to $12.5 billion and operating profits advanced 10.1% to $536 million.

May 31, 2012

Target reported a 4.4% increase in May same-store sales that was toward the upper end of a guidance range that called for a low-to-mid single-digit increase.

May 3, 2012

April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

May 3, 2012

April same-store sales at Target increased 1.1% and helped the company achieve a 5.3% first-quarter comps increase that was the highest in six years. How much of the performance was due to record warm weather versus good execution of a solid strategy against the back drop of an improved economy is debatable.

January 5, 2012

Joe Namath he’s not. Target chairman, president and CEO Gregg Steinhafel assured investors last month that December comps would exceed November’s 1.8% increase, but then Thursday morning reported a disappointing 1.6% increase and a reduced profit forecast.

December 1, 2011

Comps continue to improve at Pier 1 Imports, thanks to increased traffic and average ticket size.

November 3, 2011

With BJ's no longer reporting monthly sales, Costco is the only warehouse-club retailer left to give some insight regarding how Sam's Club performs on monthly basis.

October 10, 2011

How good was the 5.3% same-store sales increase Target reported for September? We know it was toward the upper end of the company’s official guidance that called for a low to mid single-digit gain, but according to Richard Hastings with Global Hunter Securities it was the company’s best showing in September since 2006.

September 1, 2011

Pier 1 Imports reported a 10.8% same-store sales increase for the second quarter ended Aug. 27, on top of an 11.2% comps increase for the same period last year, driven primarily by increases in traffic and average ticket.

August 31, 2011

While Zale Corp. posted a nearly 10% comps increase for its fourth quarter, higher commodity costs lead to a wider net loss for the period.

August 18, 2011

Blend equal parts easy prior year comparisons, the recent easing of gas prices with the pass through of product inflation , and Walmart could be looking at the recipe for same-store sales growth.

August 8, 2011

Target produced another month of solid same-store sales growth in July and had a lot of good things to say about its future prospects. But judging from the action in the company’s share price in the intervening days, it was as if second-quarter earnings per share had come in well short of analysts’ expectations. Target got caught up in the selling free-for-all that occurred on Friday when it appeared the United States was in for a credit rating downgrade followed by a further acceleration on Monday after the downgrade occurred.

July 7, 2011

Costco and BJ’s reported some impressive same-store sales for June, but peel the onion back a bit and the numbers are not quite as stellar as they seem.

July 7, 2011

The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations and came on top of a prior year increase of 1.7%.

July 7, 2011

The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations, came on top of a prior year increase of 1.7% and was driven primarily by an increase in average transaction size with a more modest benefit associated with increased traffic.

July 7, 2011

Costco and BJ’s reported impressive same-store sales for June, and that’s good news for Sam’s Club. Given the strong correlation in performance between Sam’s and its direct competitors it is reasonable to assume Sam’s is on track to easily attain its second quarter same-store sales guidance, which calls for an increase in the range of 3% to 5%. Sam’s posted a first-quarter comp increase of 4.2% but doesn’t provide monthly updates.

May 9, 2011

Projections calling for a low-to-mid single-digit comp increase at Target during May don’t sound overly aggressive, but when factoring in some of the economic headwinds and uncertainties facing the U.S. economy, the sales plan begins to sound more ambitious.

Consumers are dealing with higher fuel prices, food inflation and lingering unemployment. Where $4 a gallon gas prices are headed next is big unknown, but it is only May and historically prices increase during the summer. Ouch!

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