In answer to a qyestion, the company said that same store comps had improved in February and had continued the improvement in March. This improvement led the company to forecast flat comps for the year (comps are down through the 3rd quarter). The analyst who asked the question then pointed out that February had been a very tough month for comps in the industry.
Be interesting to see what analysts say tomrrow, if anything, about this and other issues.
this guy from Raymond James obviously overlooked that the company took down guidance big time on nearly all key measures just outlined by the company three months ago. Still he manages to put a positive spin on the desaster by celebrating decreasing customer traffic declines over the three months of the quarter actually calling February a "great outperformance" compared to competitors. Thanks god he has already an outperform rating on the stock otherwise this id**t might be inclined to upgrade the stock tomorrow.
To be fair most analysts took a quite neutral stance on the call, asking a lot of questions but nobody seemed to be overly unhappy about the guidance desaster - actually no one asked management about the lowered numbers.
So this one should be down big time as the company does not deliver on its just three months old promises but I doubt this will happen tomorrow. Analysts didn't seem to get the point on the call and will most likely be supportive tomorrow.