Two specialty retailers reported mixed monthly same-store sales results Wednesday evening, leaving open questions as to whether the sector faces its Waterloo this spring as year-over-year comparisons grow extremely tough.
said its same-store sales, or sales at stores open at least a year, rose 6.8% in March, falling short of Wall Street's expectations.
Its total sales rose 29.2% to $87.1 million, compared with last year's $67.4 million. The stock closed down 43 cents, or 1.3%, to $31.70.
, the mall-based destination for alternative teen stylings, said its same-store sales rose 5.3%, beating estimates.
Its total sales rose 21% to $59.7 million. The stock was adding 25 cents, or 1.1%, to $22.80 in after-hours trading. It dropped over 1% during regular trading hours.
Elsewhere in retail Wednesday night,
Bed Bath & Beyond
said fourth-quarter earnings rose 26% from a year ago to $181 million, or 59 cents a share, beating estimates by 4 cents. Sales rose 13% to $1.5 billion, while same-store sales rose 5.1%.