Your welcome,
We did these numbers with 5 stores closing
Last year 749 stores 113 revs, this year 717 stores 106 mil in revs, which sales of legacy product and closing store sales pulled back a little. Cash is up $22 million bankruptcy talks gonna be gone, will get better Q after Q, excellent job by Pendergast!
Remember look at the market cap every day we have a LONG way to go to be priced even half way fair.
I knew of three that were in overly saturated markets they closed old stores and kept newer ones.
Indpendence MO
Uniton Station WA
and one in tKY I think one in Vegas not positive.
These stores held revs back a little when stores close deep sales happen, deep ones after the best merch is shipped to other stores, but the stores around them will get the business.
We lose those lease payments and lose those employees costs, business licenses, electric etc.
All good in the neighborhood,
We gained YoY profits and are not bleeding anymore.
I like the new hire from Polo, I had noticed the marketing had totally changed, the website homepage looked like it was a 3-4 Billion dollar revenue company.
Gonna relax today already ready for Saaphire and tonic but will wait til 12:00 LOL.
Have a new DD post for this weekend just some things relevant to the Q we are in now Q3 Q2 was sweet but Q3 gonna be wicked good and Q4 Xmas season? Forget about it.
Congrats to all.
Peace out.
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