Stores owned by St. Louis - based May Department Stores posted a collective decline of 1.1 %
in same store sales.
Shares of the company rose 8 percent, after it reported a much smaller - than - expected drop
in same store sales, which fell 3.2 percent in its third quarter ending December 30.
Among franchisors, 77.9 percent expect some increase
in same store sales in 2013, compared to 77 percent in 2012.
Chipotle Mexican Grill shares soared more than 17 % after the company beat on earnings, showed an improvement
in same store sales, and announced it was allocating more money to buy back stock.
Not exact matches
May 1 - High - end handbag maker Tapestry Inc reported lower third - quarter margins and a steeper - than - expected decline
in same -
store sales at its newly - absorbed Kate Spade business, sending its shares down as much as 14 percent.
The retailer's shares tanked 19 % to $ 28.37 — their lowest level since 2010 — after it reported that
same -
store sales, or revenue of
stores open at least 14 months, rose a mere 0.1 %
in the second quarter, well below its own forecasts for a rise of 2 % to 3 %, and short of Wall Street projections for a 1.4 % gain.
Previously,
same -
store sales growth represented the estimated percentage change
in sales of all restaurants
in the Company system that have been open for one year or more, and the base
stores changed on a rolling basis from month to month.
The Globe and Mail reported that the company's second quarter results, released last week, showed a 0.6 % drop
in store traffic, and a 0.4 % drop
in same -
store sales.
The upscale market's stock lost almost half its value since peaking
in 2013 and
same -
store sales have fallen over the last 18 months, according to The Wall Street Journal.
Same -
store sales were up 8 percent globally, including 9 percent
in the Americas and 9 percent
in China and Asia Pacific.
This is on top of a terrible 2014,
in which
same store sales dropped 8.3 %, revenue fell nearly 14 %, and 2,000 jobs were cut.
In business less than a year, Kit and Ace managers can't go back and compare
same -
store sales or track repeat business.
«I think on the department
store side, Nordstorm and Kohl's are interesting... You've seen improvements at Kohl's, you've seen improvements
in the
same -
store sales, you've seen brands go
in their portfolio and now they're taking a look at their
store base to optimize and remodel some of their existing
stores.»
Our
same -
store sales growth is generally attributable to several key factors, including: new product introductions; improvements
in restaurant speed of service and other operational efficiencies; hospitality initiatives; frequency of guest visits; expansion into, and enhancement of, broader menu offerings; promotional activities and pricing.
On a full - year basis, 2013
same -
store sales growth of 1.1 %
in the Canadian segment was below our original target range of 2 % to 4 %; we believe this was due to ongoing challenging economic conditions and increased competitive intensity
in our industry.
If Pizza Hut was struggling, so was NPC:
in August, the franchisee reported that
same -
store sales at its Pizza Hut units fell almost 6 percent
in the second quarter compared to a nearly 4 percent drop a year ago.
In January, Starbucks reported disappointing first - quarter
same -
store sales growth of 2 percent compared to the 3 percent Wall Street consensus.
Meanwhile, it's clear that other chains are winning:
In the third quarter of 2014, while McDonald's
same -
store sales were falling about 3 %, those at Chipotle Mexican Grill, the big cheese of the burrito world, were soaring 20 %.
The chain is expected to report its fourth consecutive year of
same -
store sales growth
in early February.
In an interview with CNBC, CEO Jeff Gennette said same - store sales were up 3 percent in Januar
In an interview with CNBC, CEO Jeff Gennette said
same -
store sales were up 3 percent
in Januar
in January.
Same -
store sales — a key benchmark — rose 7 percent
in the country last quarter.
The company,
in November, raised its 2017 earnings and
same -
store sales forecasts, likely reflecting higher
sales in the key holiday quarter.
McDonald's U.S.
same -
store sales slump is disturbing for the chain
in large part because there is no one problem the brand can focus on.
While it has averaged 6.1 %
same -
store sales growth
in its Canadian operations
in the past 10 years, it only saw 4.9 %
in 2010 and 2.9 %
in 2009.
Incidentally, Australia was the only bright spot
in McDonald's Asia / Pacific, Middle East and Africa (APMEA)
same -
store sales, which dropped 4 percent despite Australia's positive performance.
McDonald's hopes that the cuts will speed up service and bolster
sales, which, after over a year without positive
same -
stores sales in the U.S., could use the boost.
However, growth
in China was robust, with
same -
store sales rising 6 percent on the back of a 6 percent increase
in transactions.
«Although the quick service restaurant category remains very competitive / promotional, the data reflects continued underlying brand improvement at McDonald's
in addition to what we believe will be tangible 2018
same -
store sales drivers,» analyst Andy Barish wrote on Friday.
Same -
store sales in Europe, the Middle East and Africa also fell short of expectations, down 1 percent
in the quarter.
Most concerning is the 4.1 % decline
in same -
store sales in the U.S. Higher prices and more intense competition are hurting the chain, not to mention that sense of shame and self - loathing many consumers experience at McDonald's.
Only 30 % of restaurant operators reported
same -
store sales increases
in the last year, and just one
in three expect
sales to grow
in the next six months.
While
same -
store sales in all of Starbucks» regions were weaker than expected, growth
in China was robust.
Same -
store sales came up short
in all of the company's regions, Starbucks said late Thursday.
This is the fifth quarter
in a row that global
same -
store sales have been positive, but the company has missed analyst expectations
in this metric by 70 basis points or more.
Retail
sales were
in good shape
in the second quarter, with
same -
store sales rising for Canadian Tire, Mark's, FGL Sports and Sport Chek.
Cabela's has struggled with declining
sales of apparel and footwear and has reported
same -
store sales growth
in only one quarter
in more than three years.
Priszm lost $ 30.7 million
in the past two years, and is
in the hole $ 1.5 million so far this year as
same -
store sales declined every quarter.
Same -
store sales grew 8.1 %
in that time, the company told Business Insider.
Even though McDonald's
same -
stores sales declined
in October, the fast - food chain was able to beat analysts» expectations.
Burger King's
same -
store sales in the U.S. and Canada surged by a better - than - expected 3.6 percent during the third quarter, marking the best quarter of growth since 2012, while global
same -
store sales rose 2.4 percent.
In November, the company, which also owns the 38 - store Bloomingdale's chain, posted its 11th consecutive quarter of declines in comparable or «same - store» sales, a metric that strips out results from recently opened or closed store
In November, the company, which also owns the 38 -
store Bloomingdale's chain, posted its 11th consecutive quarter of declines
in comparable or «same - store» sales, a metric that strips out results from recently opened or closed store
in comparable or «
same -
store»
sales, a metric that strips out results from recently opened or closed
stores.
While Tim Hortons has averaged 6.1 %
same -
store sales growth
in its Canadian operations
in the past 10 years, it only saw 4.9 %
in 2010 and 2.9 %
in 2009.
Same -
store sales were down 0.5 %
in the United States
in the first quarter of 2013, compared with 0.3 %
in Canada.
The company reported revenue grew nearly 15 %
in the second quarter, and
same -
store sales increased by 7.9 %.
Same -
store sales in China were down 14 % as customers there continue to avoid Yum's chains after meat supplier scandal over the summer.
The company also reported that
same -
store sales in China fell 1 percent during its third quarter.
With former chief executive Myron Ullman III now back at the helm,
same -
store sales in the fourth quarter inched up 2 % from the
same period a year prior, though a healthy turnaround remains a long way off.
The company also reported a 2 percent decrease
in same -
store sales.
Revenue dropped $ 1 billion, while
same -
store sales fell 5 %
in the U.S. as Wal - Mart and Amazon stole market share.
Franchise drive -
ins saw a decrease of 1.8 percent, while company drive -
ins saw a decrease of 3 percent
in same -
store sales.