Much like Tuesday night's presidential election, early returns of October same-store sales results made a broad call on the month's results hard to project.
, a specialty apparel retailer, said its comps increased 9.1% for the month, in line with a Briefing.com estimate. Total sales increased 28.3% to $72 million, compared with $56.1 million in the same month last year.
"Holiday selling season has been smooth and we continue to believe that we have the right merchandise and powerful promotions to have a successful holiday season," Julian R. Geiger, the company's chairman and CEO, said in a statement.
Based on its performance, Aeropostale boosted its third-quarter guidance to 53 or 54 cents a share, which would represent a 43% rise from earnings of 37 cents a share in the same quarter last year. Its previous guidance called for earnings of 51 cents a share, while Wall Street's consensus estimate is for 52 cents a share, according to Thomson First Call.
American Eagle Outfitters
said October same-store sales, which includes its Bluenotes operations, rose 31.7%. Total sales rose 39% for the month to $133.6 million.
Similarly, American Eagle raised its third-quarter earnings guidance to 75 cents to 77 cents a share. The company's previous third-quarter guidance was 67 cents to 69 cents a share.
The company also said it is comfortable with the current First Call mean earnings estimate of 92 cents a share for the fourth quarter. That compares with earnings of 49 cents a share in the fourth quarter of last year.
said after the closing bell Wednesday that its same-store sales were lower than expected in October, down 3.8%, while its total sales jumped 10% from last year to $56.2 million. As a result, the company lowered estimates for third-quarter net income to 27 cents a share. Its sales for the quarter rose 12% to $180.7 million.
"We believe that the sales shortfall related specifically to Halloween product does not represent a fundamental shift to our recent core business trend," Betsy McLaughlin, CEO of Hot Topic, said in a statement.
The bulk of sales reports from retail chains will be released Thursday morning.