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Non-Tech : Just For Feet (FEET) -- Ignore unavailable to you. Want to Upgrade?

To: Walter High who wrote (435)	11/5/1997 9:11:00 AM
From: GERI EASTER	Read Replies (1) \| Respond to of 750

Walter: This quarter includes the back-to-school season. I would think, with more superstores in the mix, FEET should have improved on the percentage of sales increase over last year. After all, the second year earnings of a superstore should have great improvement over the first year. It looks to me like the sales increase of 4.7% is insufficient. The street was very unhappy about a similar increase last quarter. Of course, that excludes the expenses. I would think the expenses would have been equally as high this quarter as last quarter. Therefore, I am afraid we will be disappointed in the earnings report. Certainly, it seems FEET will be lucky to meet reduced expectations, never mind exceeding them. Of course, I do not understand these reports as well as I should, but am trying to improve my interpretations. Geri