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MARCH SAME-STORE-SALES<<<<<<<<<<<<<<<<< yes, a month has gone by and i'm back with the latest report.
march same-store-sales: -14% the company reports that this decrease follows last years exceptionally strong march, when same-store -sales were up 35%.
comments by Bill Prange, President/CEO: "March sales were dramatically affected by the 2-week shift of the Easter holiday selling season between this year and last year. Last year, our same-store-sales were up 35% for the month of March and up 77% in the final week of March, which led up to the Easter holiday. We expect the shift in Easter to have a more significent impact on our March same-store sales than those of most other retailers, as our fiscal March is a 4-week month compared to a 5-week month for most other retailers. Because of the shift in Easter, March and April should be viewed as one sales period for comparative purposes." "Our spring assortments have been well-received by our customers and we expect significant improvement in April same-store-sales."
additionally, the company said spring snowstorms in early March caused the closing of certain stores for 51 "store Days" and reduced mall traffic in other store locations.
looks like the new CEO is attempting to put the best spin on the same-store-sales reporting for this month......last year was going to be a tough nut to crack ( +35%) anyway; and i doubt not too many other retailers were up that much last year.....i was expecting this double-digit down % and also thought BFCI might take another hit today; but no, up 1 1/4 on the bid..........so, it looks like all the bad news is out and that going forward, good things are expected........this new guy is going to good for us...........
Anyone think that this might be a good short-term play today. Price is at late Dec 98 levels. Any pick up in volume might cause a 1 to 2 point gain to get back to the 10-11 price. Dropped down to 9 3/8 yesterday with very little volume. I'm not aware of any real negative news - - does anyone else have any recent news??
I believe now would be an excellent time for a shorter term play. a) on July 20 a vice president bought 18000 shares at a little over $11/share. This VP sold about as many shares when it was a little over $15. Check out insider sales and buys on Yahoo. b) You're right about it being low priced right now. c) any good news will make it go up a point or two. d) next Quarterly report will probably be released in about 7-8 weeks. e) they exceeded consensus estimates last quarter by 16%. I think there may be buying before next report comes out in anticipation. f) Finally, all three analysts covering BFCI say either buy or strong buy.
BFCI reported Q1 (May) sales were up 17% from year ago. That's an acceleration from Q4's 15% growth.
Same store sales growth rate also accelerating: Q1 up 9%, 11% in April and May, vs 3-4% in Q4.
It appears about 25% of add'l revenues can hit operating line (assuming no major markdowns or expenses) judging from Q4 numbers. So it looks like extra $4M in Q1 sales (already pre-announced) may drop $1M to op line, and assuming 40% of that hits bottom line after other expenses and taxes, we may see Q1 $0.31 instead of $0.25 estimate.
That would be 24% above estimate, and up 41% from year ago, after Q4's 54% EPS growth (excluding one-time charge last year).
Overall, we belong at a much higher multiple of earnings than 10, like maybe 15.
BFCI is now a value AND growth stock. We belong at $20 NOW, which is still only 13 times FY00 (Feb) EPS(e) of $1.60+ (my estimate), and still below current sales per share as of Q1 $25.
Get it while you can, because June 17 is earnings day, and $13+ will be history.