Another quarter of disappointing numbers and execution. Nothing much to say that I haven't already said in the past months. One thing that irritates me is why TLF feels the need to have overseas stores. What a drain on a small company. Maybe the management likes to take company paid trips to Spain, Australia and the U.K. and visit their one store in each country.
This quote [from Yahoo News] regarding July sales sums it up IMO:
Shannon L. Greene, Chief Financial Officer added, “At the risk of sounding like a broken record, the currency exchange rates are wrecking havoc on our international sales and negatively affecting our sales comparisons to last year. Unfortunately, we don’t expect the situation to improve this year so we will be dealing with that negative pressure for the foreseeable future.”
I agree it is odd to release earnings during trading. Not sure many others do that. Maybe it's so the management doesn't have to come in early or stay late. If so this would be another sign of poor management. In the old days I might consider the mid day release would be so someone could "paint the tape".