SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Just For Feet (FEET)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GERI EASTER who wrote (300)8/20/1997 3:08:00 PM
From: Petz   of 750
 
I agree with you, Geri. The shortfall in earnings is mostly due to a higher tax rate (39% vs 35% = -1 cent per share), elimination of interest income (2.3 cents) and probably startup expenses at the 7 new stores.

Sales at already open stores grew by more than the inflation rate despite the difficult comparison with the Olympics last year. The gross margin stayed steady at 42%.

You can't expect that increasing your stores by 13% in one quarter (a 63% annual growth rate) will not have a short term negative effect on earnings. What are these analysts smoking?

I see a company with a good sales concept, its no where near store saturation nationally, it will grow 30-40% a year for several years, and the markets giving it a PE of 15
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News