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Non-Tech : Just For Feet (FEET)

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To: Petz who wrote (426)	11/3/1997 10:51:00 AM
From: Scott Finchler	Read Replies (1) of 750

John, >> I'm definitely not a retail sales analysis, but... Well for someone who's not a retail sales analyst, that's a pretty thorough analysis. I actually followed most of your reasoning, except how did you come up with >> 0.024 = desired increase in Net Income, and >> gross margin of 42% I think we're likely to see a >> better than 1% comp store sales increase << because of the back-to-school business that'll be included in this past quarter. Even though sales weren't as good as they'd hoped (due to an apparent slowdown in the industry on the whole), it'll still boost sales (IMO). I don't know about the number of new stores, but are your calculations based on new stores in the last quarter? If so, I don't believe we've had five in the quarter. Either way there seems to be some action today. A lot of swings, but mostly in the right direction. Thanks for your analysis. -Scott

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