As part of a financial preview, Big Lots has provided an update on expected results for the third quarter of fiscal 2020, which includes a forecasted mid-teen gain in comparable sales.
For the fiscal month of August, Costco reported net sales of $13.56 billion versus $11.79 billion for the period a year prior.
Despite coronavirus-associated challenges, Michaels managed to have a better-than-expected second quarter.
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
Costco’s store traffic has been a highlight of its performance through the coronavirus outbreak in the U.S., according to traffic tracker Placer.ai.
Dollar Tree has reported its comparable sales trends through March 29, with quarter to date comps up 7.1% for namesake stores and up 14.4% for Family Dollar but also with a late moderation of those gains.
Williams-Sonoma posted a solid fourth quarter and fiscal year as the comparable sales across its retail brand portfolio enjoyed growth.