Stride Rite (SRR) Children's Shoes, Keds Message Board

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Non-Tech : Stride Rite (SRR) Children's Shoes, Keds

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To: tide who wrote (91)	3/10/1999 7:47:00 PM
From: Joseph Strohsahl	Read Replies (1) of 100

SRR: Business Trends in Line with Expectations BancBoston Robertson Stephens Alexandra DalPan February 25, 1999 Synopsis The following synopsis is qualified in its entirety by the more detailed information contained in the full research report, including the discussion of certain risks associated with an investment in this security contained in "Investment Risks." Research dated prior to September 1, 1998 was prepared by an entity that was acquired by BancBoston Robertson Stephens Inc. Our research is available at: myresearch.com Key Points: · We believe that current business trends at Stride Rite are in line with expectations, with strong performers including the Tommy Hilfiger women's line and Keds product, as expected. · Comps in the company's own stores are trending approximately 9% higher than last year's levels on top of an 8.6% comp increase in Q1:98. Importantly, we believe that promotional activity has been below last year's levels, with sales of current spring merchandise driving the healthy comp increase. · Inventories appear to be clean at retail and at the company, boding well for margin strength in the quarter. · Given overall healthy trends quarter to date, we remain comfortable with our slightly above consensus Q1:99 estimate of $0.11 versus $0.09. --------------------------------------------------------------------------------

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