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Deutsche Bank Previews April Comps Expectations For Costco, Gap, L Brands, The Buckle

Various retailers are scheduled to report their April headline comps soon. Paul Trussell of Deutsche Bank offered a glance into four unique retailers and detailed what investors should expect.

Costco

Costco Wholesale Corporation COST 1.51% (reporting May 4) is expected to report its April same-store sales rose 1 percent (in line with March) on traffic gains of 3.5 percent (versus 3.6 percent in March).

Gap

Gap Inc GPS 1.34% (reporting May 9) is expected to report its April same-store sales rose 3.5 percent (versus a 6 percent decline in March), exceeding the Street's expectations of a 3.1 percent gain.

L Brands

L Brands Inc LB 1.01% (reporting May 5) is expected to report its April same-store sales rose 5 percent – in line with the Street's estimate and consistent with the company's low-single to mid-single digit guidance.

The Buckle

Buckle Inc BKE 1.2% (reporting May 5) is expected to report its April same-store sales fell 7.0 percent, which is worse than the Street's forecast of a 5.8 percent decline, but above the company's March reading of an 11.8 percent decline.

DateFirmActionFromTo
May 2016Wolfe ResearchDowngradesPeer PerformUnderperform
Apr 2016Deutsche BankInitiates Coverage onSell
Mar 2016Standpoint ResearchDowngradesBuyHold

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