Shaky Start to March Retail

The March retail reporting period got off to a shaky start Wednesday night, as several marquee companies reported March same-stores results that fell short of expectations.

American Eagle Outfitters ( AEOS) said March same-store sales rose 7.2%, which was slightly below an analyst consensus quoted by Briefing.com for a 7.7% increase.

The company, however, said total sales increased 17.6% in the month to $140.3 million, and raised its quarterly earnings guidance to 25 cents to 30 cents a share. Analysts' estimates are for 28 cents a share. The company earned 9 cents a share in the year-earlier period.

Nonetheless, shares of American Eagle were lately down 69 cents, or 2.5%, to $27.30 in after hours trading.

Shares of Aeropostale ( ARO) were falling 64 cents, or 1.8%, to $35.12 even though the company reported that same-store sales in the March period were up 14.2%, beating the Briefing.com consensus for a 13.2% rise. Total sales in the period surged 44.6% to $67.4 million.

The company now sees first-quarter earnings of 11 cents a share, up from a previous guidance of 9 cents a share. Analysts' consensus is 10 cents a share.

Hot Topic ( HOTT) had a 3.9% increase in March same-store sales, below the estimate for a 5.7% increase, while total sales jumped 28% to $49.2 million.

Shares of Hot Topic were lately down $1.25, or 4.8%, at $24.60 in after hours trading.

Men's Wearhouse ( MW) posted a 12.6% increase in March same-store sales in the U.S. Total sales rose 16.1% to $135.6 million.

Due to the better-than-expected sales results in the first two months of the quarter, the company expects quarterly earnings to "exceed the upper end" of its previous guidance for 30 cents to 31 cents a share. Analysts expect 30 cents a share.

Shares of Men's Wearhouse were rising 50 cents, or 1.8%, at $28.30 in after hours trading.

And Jos. A. Bank ( JOSB) had a 10.3% rise in same-store sales while total sales increased 23.6% to $29.9 million. Shares of the company were dropping 17 cents, or 0.4%, to $38.68.

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