Old Navy's third
quarter same store sales were up an impressive 24 % versus an 18 % decline last year, showing significant improvement on a two - year basis for September.
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.
During the
quarter, while Pizza Hut had some challenges with
same -
store sales growth and restaurant margin, we remain committed to our revitalization plan and key focus areas to drive
sales growth.
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.
RBC Capital Markets analyst Howard Tubin noted Monday that the guidance would lead to the first negative
same -
store sales for the company since the second
quarter of 2009 if it plays out.
Prior period results have been recast for the change of fiscal
quarter,
same -
store sales growth definition and adoption of new revenue accounting standard.
Pizza Hut, which is owned along with KFC and Taco Bell by Yum Brands, has suffered eight straight
quarters of
same -
store sales declines.
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 %.
During the second
quarter, Nordstrom posted
same -
store sales growth of 1.7 percent, easily outpacing Street expectations.
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.
During the latest
quarter, global
same -
store sales of the Coach brand rose 3 percent, while Kate Spade's total
same -
store sales dropped 7 percent.
This chart shows Tim Hortons»
same -
store sales growth for the last 15
quarters — the amount that the chain was able to grow its
sales, counting only
stores that have been open
Same -
store sales in Europe, the Middle East and Africa also fell short of expectations, down 1 percent in the
quarter.
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.
Most notably, its
same -
store sales have been dwindling by 1 % to 2 % for several
quarters, though the rate of decline has slowed and the fast - food market is improving.
Hammered by online retailers and abandoned by the geeky clientele who once found it indispensable (they're all at home now playing Destiny), Radio Shack's
same -
store sales have been dropping by 20 % per
quarter.
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.
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
stores.
Revenue has jumped 19 % to $ 396 million since 2012, and
same -
store sales have been rising every
quarter since mid-2013.
On a conference call with analysts, Buffalo Wild Wings executives were asked what went wrong for the chain, which has now reported two straight
quarters of
same -
store sales weaknesses.
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 %.
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.
Pesos now account for between 5 to 10 percent of
sales, and
same -
store sales are accelerating, up 34.5 percent year over year for the first 10 weeks of 2007 — versus 30 percent for the
quarter before the promotion.
The company saw
same -
store sales fall 2.1 percent year - over-year in the third
quarter and posted a 3.6 percent drop in food and beverage
sales.
Penney had internally projected a 10 % to 15 % drop in
same -
store sales for the first
quarter after the relaunch.
But consumers might be getting tired of the antics:
Same store sales fell by 7 % in the last
quarter.
The first -
quarter earnings amounted to 97 cents per share, compared with a loss of 19 cents in the
quarter a year ago, while
same stores sales were up 2.8 per cent year - over-year.
The nation's largest chain of drive - in restaurants saw system - wide
same -
stores sales rise 2.2 percent during the first
quarter, powered by a 2.3 percent increase at franchise drive - ins, the corporation reported Monday.
Same -
store sales increased 2.6 percent this
quarter.
Finally, on Feb. 26, 2014, Penney reported its first glimmer of good news: increases in
same -
store sales for the first time in two years, up 2 % over the prior year's fourth
quarter (which, let's not forget, was down 32 %).
Denny's last week reported a
same -
store sales increase of 0.9 percent for the fourth
quarter, marking the 10th
quarter of the last 11
quarters that the company has seen positive
same -
store gains.
The
store's numbers haven't been pretty either:
Same -
store sales growth last
quarter was at its lowest level since 2009, a fact blamed in part on the New York City investigation and on the longer - term concern that it is facing stiff competition in the healthy - eating ethos up and down the grocery food chain — from Kroger (KR) and Walmart (WMT) to Trader Joe's and Sprouts (SFM).
The Canadian coffee chain disappointed investors in May by missing its first -
quarter projections and posting a drop in Canadian
same -
store sales growth.
Same -
store sales dropped 2.3 % in the
quarter.
But during the third -
quarter same -
store sales at Nordstrom Rack dropped 5 percent, reversing previous trends.
In the fourth
quarter,
same -
store sales for Chico's FAS fell about 5 percent, which was better than what analysts were anticipating.
«If not for this event, we believe the China Division would have delivered its fifth consecutive
quarter of positive
same -
store sales growth,» Greg Creed, Yum's CEO, said.
On a
same -
store basis, the company said retail
sales in the fourth
quarter were up 0.3 per cent compared with a year ago.
Michael Kors reported a 5.8 % decline in
same -
store sales for its fourth
quarter on Wednesday, including a 6.7 % drop in North America.
In the
quarter since they were introduced,
same -
store sales growth increased from 1.9 % to 2.6 %.
After many
quarters of
same -
store sales decline in 2016 through 2017, another pivot was needed — and Amazon swooped in for an acquisition.