With headline retail sales printing at -0.2% month over month, somehow even with non-store retailers printing in contraction (That's e-commerce.
Must have been a bad day, because comp sales on an owned and licensed business actually improved 0.7% for the quarter.
What They Said The firm stands by full year guidance laid out several months ago, expecting a flat revenue number that produces EPS for 2019 that lands between $3.05 and $3.25.
The firm still expects comp sales to land in a range spanning growth of 0% to 1%.
Just my opinion, but with the trade war with China reaching incendiary levels, this may be a good time to not only avoid adding new retail industry, but hedging existing longs that traders are looking to hang on to.