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TuMaRu

05/22/20 7:20 PM

#13895 RE: Philter1972 #13894

Did you notice the typo and errors on Page 9-10!! Heading says FY2018 Occupancy Costs but columns on the right are 2019 4-Wall EBITDA and 2019 4-Wall Operating Profit! If you compare the amounts in the columns, on pages 9 and 10, sure enough they're different. BUT, the totals at the bottom are the same for FY2018 and FY2019.... yikes. Either they're in a hurry to wrap this crap up and head off to Luxembourg or they outsourced their accounting dept. to Bengalaru India.

Of course the dillweeds at the SEC would never notice. 2nd column total SF (millions) for FY2018 is correct -- 93. But that same SF for FY2019 adds up to 94, not 93 as it says on their 8K. Its unlikely the total SF changed but they didn't update the column values to reflect their store-level changes.