one of the analysts asked if management was concerned at all about competitors, to which they replied "no"
i dont buy this, DICKs aquisition of CHICKs is going to eat at BGFV. The only new product mentioned was the Under Armor cross trainer. Under Armor by the way is one of the biggest sellers at Dicks.
Another question asked was something along the lines of "what changed from last quarter to this quarter to prompt another downgrade in earnings guidance"
To which management did not give any clear answer. This does not assure me that BGFV wont once again cut guidance.
Also, management is harping about inventories being lowered, but that did not translate to increased revenues. Only reason the inventories are being reduced is because they are making little to no money off of whatever theyre selling at fire sale prices.
Frankly, i was very disappointed with the earnings and the CC