Early returns on August retail sales looked favorable Wednesday afternoon as traders braced for the majority of reports due out Thursday morning.
hit the high end of its long-term sales target in August. The java giant posted a same-store sales gain of 7% for the month, compared to August of last year.
"During August, we continued to see strong customer demand for Starbucks handcrafted beverages, particularly our new Tazo Green Tea platform," the company said. "Our food program enhancements also contributed positively to strong revenue growth."
Its total sales rose 21% for the month to $508 million.
Among teen apparel retailers,
American Eagle Outfitters
said its same-store sales rose 11.8% from last year in August. Its results were in line with Wall Street's forecast.
The retailer's total sales rose 18.7% to a record $236.9 million for the month, compared to last year's $199.6 million.
reported its monthly comps rose 6.2%, while analysts were expecting a small decline. Its total sales rose 21.8% to $136.5 million, compared to $112.1 million in the same month last year.
A newcomer to the space,
, reported a same-store sales gain of 9.4% in August. Its total sales were up 25.1% to $24.7 million from last year.