Sounds like someone put a bandage over!
4 replies (most recent on top)
Earnings PER SHARE went up. That's a division problem...basic math. When you spend $635 million reducing the denominator (that is, the number of outstanding shares) by buying back shares, a small increase in earnings from just having more stores can goose earnings PER SHARE. Same store sales were down 1.8% year on year and comparable year trends have worsened to being off 3% year on year in the first weeks of the current quarter. It's all smoke and mirrors. And everyone can see that. And gross margin declined AGAIN. It's going to keep declining until it matches every other grocery store because IT'S ONLY A GROCERY STORE. And a poorly run one at that.
Conventional zucchini from 1.99$ per lbs. To 3.49$ some sale...or are you talking bout those bad easabi flavored hummus b.o.g.o.'s????
Not here, tons of sales and price slashing.
Go around your store and see how many prices they have raised..revenue generation?