Retail same-store sales bounced back from
in May as warmer
weather and discounts drove traffic. Costco
(COST)
continued its winning streak with a 5% increase in same-store sales while L
Brands
(LTD) saw a
better-than-expected 4% rise in same-store sales at Victoria’s Secret. The data
is incomplete, as many large retailers have discontinued the practice of
releases monthly sales data.
Shares of Visa
(V) were up
less than 1% after the firm reiterated
its current-year forecast of 20% earnings per share growth. The firm expects
growth to slow down next year. Visa also reported that payment volumes grew 12%
in both April and May in the United States.
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