The February sales numbers are in for U.S. retailers, and the results are decidedly...mixed.
Only a few dozen retailers still report monthly sales, and those that reported were all over the map in last month.
All of those small-cap stocks plummeted today on the bad sales news. Gap shares, meanwhile, shot up 4.5%. Costco shares, strangely, fell a few ticks despite same-store sales that were not only 6% higher than a year ago, but also outpaced analyst expectations.
Among those that still do, same-store sales collectively rose 3.8% in February – not bad, but about half last February’s year-to-year sales increase of 7.4%.
More From Wyatt Investment Research
- A Rare Asset Class That Outperforms
- Dividend Watch: Two Stocks Upping Their Dividends Tomorrow
- Professional Diversity Network IPO Struggles
- Investment & Company Information