Quik didn’t include a complete balance sheet with the press release, so I was inclined to wait for the 10Q to be filed before commenting. But what the hell- I’m snowed in up here for the second straight day with more forecasted for the weekend.
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December 19 2008 |
339 views | 3 comments
PacSun has done a good job presenting their income statement so that it’s easy to isolate the impact of their discontinued operations. As you probably know, they’ve closed all their stores that aren’t branded as PacSun. They are now a one brand company with 938 stores. That resulted, in the quarter ended November 3, 2007, in a loss from discontinued operations, net of taxes, of $37.2 million.
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December 18 2008 |
581 views | 12 comments
I spent about 45 minutes Saturday morning drinking coffee and reading Wachovia’s 2009 economic outlook. I’ve included the link to it here. We all need to make our best guess as to what next year, and the year after that I suppose, is going to be like to manage our businesses to the best of our abilities.
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December 15 2008 |
523 views | 5 comments
Abercrombie and Fitch’s quarter ended November 1st was soft. Net sales for the quarter were down 8% to $896 million. Gross profit percentage fell just slightly from 66.2 to 66%. Stores and distribution expense rose 8.65% to $386.5 million. Other expenses were more or less constant. The result was that operating income fell from $186.6 to $100.1 million, or 46.4%. Diluted net income per share fell from $1.29 to $0.72 a share.
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December 12 2008 |
715 views | 4 comments
As you know and have been told about 17 times, Billabong has cut its forecast. Here’s the link to the call with investment bankers if you want to read the whole thing. For those of you who don’t want to read all 22 pages, here’s a great article that summarizes it. So, having short cut the process of analyzing the transcript from the call, let’s get to the heart of the matter.
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December 10 2008 |
941 views | 28 comments
Even been in a Dick’s Sporting Goods? I haven’t. Their 483 stores (including 85 Golf Galaxy and 14 Chick’s) in 41 states are mostly in the eastern part of the country. But I have visited Joe’s a few times, and I suspect they are similar to Dick’s.
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December 09 2008 |
181 views | 1 comment
Let’s ignore the numbers for a bit and start with how Hot Topic Describes itself. They give equal billing to brick and mortar and internet retailing. That’s pretty forward looking. Guess they’ve decided how they expect the market to evolve. Read more here.
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December 08 2008 |
423 views | 4 comments
Zumiez’s Quarter Ended November 1st is boring - but that’s good. When it comes to public filings, the last thing you want is for your company’s filings to be filed with interesting stuff that somebody like me can have a great time dissecting. I’m afraid that I’ll have almost no fun at all reviewing this filing. Oh well.
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December 03 2008 |
352 views | 6 comments
You probably recall I wrote at some length about the letter from former Orange 21 CEO Mark Simo to the Orange board of directors requesting/recommending strongly talks between Orange and No Fear, of which Mr. Simo is the CEO and 37% shareholder, about a merger between the two. Orange said, “No thanks.” Read more here.
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December 01 2008 |
416 views | 4 comments
If you have a specific question about your business’s finances, or just a general question about the economy (besides the obvious “When’s it going to get better?”), you’ve come to the right place.
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November 21 2008 |
1,200 views | 44 comments
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