American Eagle Comps Soar

But Aeropostale's June is a little light. Starbucks matches.
Author:
Publish date:

Specialty retailers reported mixed results Wednesday, with

American Eagle

(AEOS)

continuing its recent winning streak.

American Eagle, one of the hottest clothing sellers for teens, said its same-store sales jumped 28% in June from the same month last year, wiping out the estimate. Its total sales for the month increased 37.3% to a record $197.4 million.

On the other hand,

Aeropostale

(ARO)

said its same-store sales came in lower than expectations. The teen apparel retailer reported its comps rose 2%, falling short of consensus estimates.

Aeropostale also cut its earnings forecast for its second quarter, citing aggressive discounting in June. It now expects earnings between 16 cents and 19 cents a share, down from its previous forecast of 20 cents to 23 cents.

Men's Wearhouse

(MW)

, a discount retailer of men's professional clothing, reported same-store sales rose 9.7% in the U.S. and 5.3% in Canada.

Hot Topic

(HOTT)

said its comps dropped 3.3%, but the decline wasn't as steep as Wall Street expected. Its total sales rose 11% to $57 million.

Also,

Zumiez

(ZUMZ) - Get Report

said its same-store sales jumped an impressive 10.7%. The teen sportswear retailer, which recently went public, said its total sales increased 29.4% to $15.3 million.

In the restaurant business,

Starbucks

(SBUX) - Get Report

reported its comps rose 7% in June. The java giant hit the high end of its long-term range for estimated same-store sales increases.

The S&P Retail Index dropped 0.8% on Wednesday, matching the broader market's decline under pressure from record-high oil prices.