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Non-Tech : Just For Feet (FEET)
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To: Sean T. Kim who wrote (586)5/21/1998 8:33:00 PM
From: lanac   of 750
 
Hi again
let me just highlight some details of the CC
march sales was flat but April was strong again, inventory per superstore went down 163,000
FEET opened this Q 11 superstores the most ever opened in one Q, and that's why store opening expense was up from 4th Q 97
G&A will go down as a % of sales as sales pick up and stays the same
Now to the big one that excited Wall St. management predicted that margins as a % of sales will go up 1% from next Q and that advertising as a % of sales will go down 1% so I expect some upward revised earning estimates in the near future
and thats what gave this 12% boost today for FEET
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