Fulton Financial Repurchase Approved and 4 Hot Stocks Making Waves
Nordstrom Inc (NYSE:JWN) reported total retail sales of $1.72 billion for December 2012, up 9.4% compared to the same period last year. Same-store sales increased 8.6%. Total number of stores rose to 240 compared to 225 during the year ago period.
Kohl’s Corporation (NYSE:KSS) reported December 2012 sales of $ 3.37 billion, up 4% over the year ago period. Comparable store sales grew 3.4% compared to the same period last year. The company tones down its guidance for EPS for the full year 2012 from the previous range of $4.52-$4.60 to $4.11-$4.13.
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Rite Aid Corporation (NYSE:RAD) announced total drug store sales for the four weeks ended December 29, 2012 at $2.054 billion, down 0.6% compared to the same period last year. Same-store sales in December decreased 2.2% compared to the prior year period.
Ross Stores (NASDAQ:ROST) reported sales that increased 11% to $1.276 billion in December compared to $1.149 billion during the five weeks ended 31 December 2011. Comparable store sales grew 6%. Guidance for the fourth quarter EPS is improved to the range $1.05-$1.06 from the earlier guidance of $0.99-$1.04.
Financial holding company Fulton Financial Corporation (NASDAQ:FULT) announced the approval by its board of the repurchase of up to eight million shares of the company, which is about 4% of the total outstanding shares through June 30, 2013. The previous repurchase program expired on December 31, 2012.