I cant believe they posted such a pos article
13 WEEKS ENDED AUGUST 2, 2014, SUMMARY
Total net sales and operating revenues were $673.8 million, compared to $861.4 million last year. Comparable store sales were down 20.0% driven by traffic declines and soft performance in the mobility business.
Consolidated gross profit was $237.6 million, or 35.3% of net sales, compared with $301.5 million last year, or 35.0% of net sales. The decline in gross profit dollars was primarily driven by a 30.4% decrease in sales in the mobility platform. Excluding inventory reserves related to store closures, our consolidated gross profit was $235.6 million, or 35.0% of net sales.
Consolidated selling, general and administrative (SG&A) expenses were $323.6 million, or 48.0% of net sales, compared with $334.4 million last year, or 38.8% of net sales. This represents a 9.2 percentage point increase as a percentage of net sales and operating revenues for the 13 weeks ended August 2, 2014, which was driven by declining sales volumes period over period. Excluding the impact of severance costs related to potential store closures, consolidation of certain facilities in China and a non-cash charge related to the elimination of a key executive life insurance program, our SG&A was $306.3 million dollars, or 45.5% of net sales. These adjusted SG&A dollar decreases were primarily related to compensation and advertising as a result of our cost reduction efforts.
Operating loss for the second quarter was $119.4 million compared to operating loss of $51.1 million last year. On an adjusted basis, operating loss was $83.5 million excluding certain non-cash items and $8.6 million in severance and $20.6 million in impairments of fixed assets and goodwill, partially offset by $2.0 million in reserves in inventory.
Loss from continuing operations was $137.4 million, or $1.35 per diluted share, compared to a loss from continuing operations of $51.4 million last year. On an adjusted basis, loss from continuing operations was $101.5 million, which compares to an adjusted loss from continuing operations of $62.9 million last year.
Sentiment: Strong Sell
Im sorry you dont have worries if your short you dont look back and use the money to buy a worth while stock haha
not looking good so far who the hell buys a stock with a neg eps anyway you know how many thousands of stocks are making money?
Your right one on thing you haven't lost until you sell or the stock gets delisted due to bankruptcy