(Reuters) - Cincinnati, Ohio-based Federated said total sales were $2.29 billion for the five weeks ended April 7, up 1.5 percent from the year-ago period.
Analysts on average had expected a rise of 3.6 percent, according to a Reuters poll. Federated had forecast March and April same-store sales would rise from 2.5 percent to 4 percent.
Read more at Reuters.com Market News
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