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  • chickens_are_yardbirds chickens_are_yardbirds Jul 29, 2005 2:53 PM Flag


    Good CC.

    Great quarter. Conservative outlook. Got the sense that they'd rather underpromise and overdeliver with outlook for final two quarters.

    Sales was slight below estimates only because orders requested for fall goods coming in a little later this year. Also they are shipping goods from PR instead of China, so that reduces the lead time to only 2 weeks from 5 weeks.

    EJ SSS are up 6% across the board. RCKY western, fashion, and women's lines all up year over year.

    Still a little cleanup in Q3 with severence and relocations from EJ, but will have marginal impact.

    I'm adding to my position again today.

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