April 9, 2009 / 5:56 PM / 9 years ago

UPDATE 1-TABLE-U.S. retailers' March same-store sales

 (Adds total sales figure, comments)
 April 9 (Reuters) - The following table lists select U.S. retail companies that have reported March sales at stores open at least a year — a key retail measure also known as same-store sales.
 The table lists the mean of analysts’ same-store sales estimates compiled by Thomson Reuters Estimates, the actual same-store sales reported by the companies, as well as total sales for the month and its change over last year.
 All figures are expressed as the percentage change over the same period last year except the total sales value.
                                    MARCH 2009
                                 SAME-STORE SALES            TOTAL SALES                  COMMENTS
   Estimates      Actuals         Value      Change ================================================================  ======================================================= Discount Stores ————————————————————————————————  ———————————————————————————- Wal-Mart*          (WMT.N)      3.2           1.4        $36.21 bln     -1.9        A late Easter negatively affected
                   sales at Walmart US stores.
                   Average ticket was also lower.
                   Health and wellness, home, and
                   grocery led comparable store sales
                   growth for the March period. Home
                   and “do-it-yourself” categories
                   had mid-single digit comparable
                   store sales gains during the
                   March period.  Target             (TGT.N)     -7.4          -6.3     $5.54 bln      -2.3        The shift in Easter affected sales
           for March, but the company expects
                   April reported comparable-store
                   sales results to be essentially
                   flat to last year.  Costco**          (COST.O)     -1.7          -5.O        $6.39 bln      -3.0        A calendar shift due to the timing
                   of Easter, which added a day of sales
                   in March 2009, helped the company’s
                   total and comparable sales by about
                   1 to 2 percent.  BJ’s Wholesale**    (BJ.N)      2.3          -0.1        $870.3 mln      1.7        Gasoline sales fell  8.6 percent
                   during the month. Excluding the
                   negative impact of gasoline sales,
                   merchandise comparable club
                   sales increased by 8.5 percent.
                   Sales results reflected the calendar
                   shift in the timing of Easter.
                   The metro New York region had the
                   highest comparable club sales
                   increase and the Southeast region
                   had the largest decrease. Breakfast
                   foods, candy, canned fruits and
                   vegetables were among the best
                   performers while apparel, jewelry,
                   prerecorded video and sporting
                   goods were among weaker performers. TJX Cos            (TJX.N)     -2.1           2.0         $1.7 bln 
   flat       Favorable weather conditions and
                   newer collections helped boost
                   sales. One extra selling day in
                   March this year, due to Easter
                   falling in April, helped lift sales.
                   The company now expects first
                   quarter earnings per share will be at
                   or slightly above the high end of
                   previously forecasted range of
                   32 cents to 38 cents. Ross Stores       (ROST.O)     -3.9           3.0       $682.0 mln        8.0    
Bargain deals and a better-than-
                   expected weather helped sales
                   performance during the month.
                   Dresses and Shoes were the best
                   performing merchandise categories
                   while the Mid-Atlantic and
                   Southeast were the strongest regions. 

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