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Non-Tech : The Gap -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (85)	8/13/1999 12:14:00 AM
From: HRM	Read Replies (2) \| Respond to of 189

looks like they beat the consensus by one shiny copper piece. Better than missing by a shiny copper piece. Saw several comments suggesting some analysts were worried about future sales growth. For grins, I updated my tables on sales growth vs inventory growth. Nothing spectacular jumps out. The first table takes the ratio of the growth in sales over the growth in inventories for sequential quarters. ie, a number < 1.0 indicates inventories growing faster than sales. A clear seasonal pattern is evident. Ratio of Growth in Sales to Growth in Inventories (Sequential Quarters) 1999 1998 1997 1996 1Q 66.3% 70.7% 68.0% 72.1% 2Q 85.9% 82.7% 86.7% 86.0% 3Q 101.0% 106.0% 99.4% 4Q 164.3% 164.0% 148.3% The second table takes the same ratio of the growth in sales over the growth in inventories for current vs prior year quarters. Again, a number < 1.0 indicates inventories growing faster than sales. This one is a little harder for me to decipher. Ratio of Growth in Sales to Growth in Inventories (Curr Qtr to Prior Yr Qtr) 1999 1998 1997 1996 1Q 91.0% 106.7% 86.1% 2Q 94.5% 101.7% 86.9% 3Q 96.9% 92.7% 4Q 97.1% 102.5% 91.4%