Apparel retailers reported a mixed bag of October and third quarter sales results today, and several hiked their earnings expectations.
Limited Brands (LTD) posted October same-store sales growth of 6%, slightly shy of analyst expectations.
The company said it is hiking its fiscal third quarter earnings expectations to $0.22 to $0.24 per share, compared to a prior forecast of $0.17 to $0.22 per share.
Aeropostale (NYSE:ARO) also hiked its earnings forecast for the third quarter today.
Same-store sales actually fell 9% in the third quarter, but the teen retailer said higher gross margins are allowing it to increase its quarterly earnings forecast to $0.27 to $0.28 per share, compared to a prior outlook of $0.09 to $0.15 per share.
American Eagle Outfitters (NYSE:AEO) said it is now expecting earnings of $0.26 to $0.27 per share in the third quarter, compared to a prior forecast of $0.22 to $0.27 per share.
The teen retailer said same-store sales rose 5% in the third quarter.
And Gap (NYSE:GPS) posted a 6% decline in October same-store sales today, worse than analysts had expected. Same-store sales fell 5% for the third quarter. Gap said it expects third quarter earnings of $0.35 to $0.37 per share.
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