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Spring Comes Early for America’s Retailers

April 5, 2012

Stock of the Day

Thanks to warmer weather, it appears that the U.S. is shopping more. Before open today, several retailers announced their same-store sales results, most of which topped analysts' estimates. Now, the reason that analysts look at same-store sales data is that it is a steady measure of retail growth, because it only includes locations open at least a year. Let's take a look and see how some of America's favorite retailers did:

Ticker

Company

Estimated

Actual

Total Grade

ZUMZ

Zumiez Inc.

8.9%

14.1%

B

ROST

Ross Stores Inc.

4.6%

10.0%

A

TJX

TJX Cos.

4.8%

10.0%

A

LTD

Limited Brands Inc.

4.4%

8.0%

A

GPS

Gap Inc.

4.6%

8.0%

B

M

Macy's Inc.

4.8%

7.3%

A

TGT

Target Corp.

5.7%

7.3%

B

BKE

Buckle Inc.

8.8%

6.4%

B

SKS

Saks Inc.

6.3%

6.3%

C

COST

Costco Wholesale Corp.

6.5%

6.0%

A

KSS

Kohl's Corp.

2.1%

3.6%

C

WTSLA

Wet Seal Inc.

-6.0%

-7.8%

D

Total

 

5.3%

6.9%

 

As you can see, the majority of these retailers trumped analyst estimates. In addition, most of these stocks are doing quite well in my Portfolio Grader tool. Judging from these 12 retailers, it appears that American consumers are beginning to spend more. And, as I mentioned recently, this is great news because consumption makes up a sizeable portion of the U.S. economy.

Now, tomorrow, the Labor Department will release the official Unemployment Rate for March—which will be big news for the U.S. jobs market. So, even though the market will be closed for Good Friday, I'll have a brief update on that in tomorrow's blog post.

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