In that lowered guidance there's 15 cents of one-time items that will benefit the business long term. If you add it back in, they actually raised guidance.
More Quotes from Christine Chen:
This was one of the few times where we actually had an issue with them and they were actually present to answer questions for over an hour.Christine Chen
With a later Easter, a lot of companies missed expectations -- no one knew exactly how to model the Easter shift.
Christine Chen
Look at the results of (Chico's) same-store sales. They keep posting incredible numbers year after year. Passport keeps growing and it gets people coming into stores.
Christine Chen
I look at it favorably if they have a well-managed outlet policy, but you don't want the outlet driving the growth. But not to be in this market is a mistake since it's an important customer and a different demographic.
Christine Chen
The teen is pretty recession proof and always likes to spend during the holiday season. The Gap unfortunately is still having trouble connecting with the customer.
Christine Chen
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