In their 10-k, DECK says it hedges. Therefore, I would think margins should have not been much affected by foreign currency. And Europeans should have benefited from lower prices that are not sustainable as prices were protected from increases due to hedging. Where am I going wrong? Not one question on hedging in the CC. It is possible depending on the hedges that margins would suffer, and other income would include hedging gains, but that doesn't change bottom line.
Results were remarkably good, but in constant currency revenue down 7%, partly due to lower surcharge. Car loadings and revenue ton miles down 6%. I'm surprised after hours not up more (up .75% at this point)
I totally mistrust Biglari because of corporate governance and his apparent greediness. However, his recent presentation on CBRL, and lack of need to extend poison pill, seemed convincing. It seemed to convince one of the seeking alpha posters. The one issue I have with the presentation is that he gives no credit to the new CBRL management - just credit to himself for having the old management replaced.
earnings release confirmed that they did particularly badly in footwear and apparel. Site shows them offering some products next to Rcky products with cheaper prices, $20 Cabela bucks, and similar specs. Interestingly, in one comparison they site Gore Tex and Vibram, while Rocky cites their own special water proofing and gripping technologies. Rocky is still a big Gore Tex customer? Just marketing?
When companies don't report same store sales each month , they usually show each month's sales in quarterly reports, so you can look at possible trends. I didn't see that in release or supplemental report. Did I miss that? Not fair to smaller investors who aren't collecting their own estimates from sampling, talking to franchisees, or sources like foursquare.
Estimated to have increased 9% due to breakfast. However, by comparison to Taco Bell trajectory after introducing breakfast, source estimates increase will drop to 1%-2% after a while. I will print how to find source of this information (from foursquare) in my reply to this, in case yahoo won't permit it to be posted.
Johnson said they have a program in place to buy back stock below $17.00, so at least in the short run ........ What bothers me is that excluding office products and first aid, sales were down $900k, $700k of which they explain by a retail promotion last year, and the rest they don't bother to try to explain. This "other" business had been a bright spot. They did suggest options granted will go down this year.
netloss, thanks for info on current prices. In my last post I gave 3 of the reasons chicken prices vary - did SA article really say they don't matter?. I realize current year US grain production is in, but how could you know what input prices will be toward the end of next year, and even earlier in the year don't they depend on South American and Australian production?
Yahoo has a small increase in revenue next year. I don't know why it is not bigger, but I imagine decline in eps is due to expected higher input costs. If you look at EPS over the last 10 years, it is volatile, mainly due to input costs, but also foreign sales, and perhaps restaurant demand. When profit margins are high, production can respond without too much lag. So reversion to the mean is a factor also.
Wave, I just looked at the Fabory web site, and it seems OK to me. What surprised me, perhaps I haven't studied company enough, is that Fabory seems to only supply fasteners. I know Grainger US supplies all kinds of products.
What is the relationship between Walmart sales and CRBL? I would think restaurant/food service sales, released this week as part of retail sales, as well as "Black Box" (not sure who they are) estimate of restaurant same store sales for 3rd qtr. are more relevant.
It may not be contractual, but an effort to maintain relationships. Hopefully, if that is the case, some of this will be made up to them in future business, margins.