Savvy Trades and Investments

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There's the SGMA 10K. Good news...looks like the inventory adjustment only boosted Q4 earnings by .05/share. I was worried it might be more.

From the 10K-

1.)The Company records inventory reserves for valuation and shrinkage throughout the year based on historical data. In the fourth quarter of fiscal year 2021 physical inventory results were completed resulting in an increase in income before income taxes of approximately $276,000 net of a provision for inventory reserves of approximately $1,173,000.

The aggregate after-tax effect for the above adjustments in the fourth quarter of fiscal year 2021 was an increase to basic earnings per share of $0.05.