Reuters' Retail Sales Guage Tops Views, But Precision is Lacking (COST) (WMT) (M)
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Overall Analyst Rating:
BUY (
Up)Dividend Yield: 0.7%
Revenue Growth %: +8.0%
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Retailers are largely higher on the session Thursday as Thomson Reuters reported a better than expected rise in May sales.
According to Reuters, some-store sales for 10 U.S. chains having reported for May rose 3.9 percent, versus expectations calling for a 3.7 percent gain.
Costco (Nasdaq: COST) reported a 5 percent increase while Victoria's Secret parent L Brands (NYSE: LTD) said comps improved 3 percent last month.
Warmer weather in May might have drawn more shoppers out who were hit with below-normal temps in March and April. Lower gasoline prices, improving housing and job markets could also have added to consumer sentiment last month.
Reuters noted that the measurement used to include 68 companies, making the 11 companies tracked a much less reliant measure.
Up on the session today include Costco, L Brands, Macy's (NYSE: M), ANN, Inc. (NYSE: ANN), Cache (Nasdaq: CACH), Wal-mart (NYSE: WMT), and others.
According to Reuters, some-store sales for 10 U.S. chains having reported for May rose 3.9 percent, versus expectations calling for a 3.7 percent gain.
Costco (Nasdaq: COST) reported a 5 percent increase while Victoria's Secret parent L Brands (NYSE: LTD) said comps improved 3 percent last month.
Warmer weather in May might have drawn more shoppers out who were hit with below-normal temps in March and April. Lower gasoline prices, improving housing and job markets could also have added to consumer sentiment last month.
Reuters noted that the measurement used to include 68 companies, making the 11 companies tracked a much less reliant measure.
Up on the session today include Costco, L Brands, Macy's (NYSE: M), ANN, Inc. (NYSE: ANN), Cache (Nasdaq: CACH), Wal-mart (NYSE: WMT), and others.
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