The other thing is ordsprog

The other thing is that as retailers move into a period of tougher comparisons in the second half of the year, it will be difficult for them to maintain the same pace of sales growth that they've enjoyed in the first half.

Michael Niemira

Our goal for the second half of the year remains double-digit earnings growth,. However, given the current economic environment this will be difficult to achieve, ... We expect earnings growth in the second half will show improvement over the first half of this year as we leverage our sales and market share gains, but the growth may not meet our original goals.

We're concerned that McDonald's may not be able to sustain these levels of comparable sales gains over the next 8 to 9 months. We expect sales growth going forward to be in the mid single-digits of between 4 to 6 percent as the company enters a period of tougher comparisons from a year ago.

One obvious explanation (for the weakness) is that investors are aware that Best Buy faces much tougher sales comparisons, particularly in the second half of the year. Looking at the numbers, second-quarter sales were up 7.8 percent, third-quarter sales rose 5.8 percent.

Target recently generated its highest [comparable] sales in 20 quarters, up 6.6 percent in the first quarter. However, this could represent a high-water mark as sales seem to be slowing and comparisons become much more difficult in the back-half of the year.

The small but consistent decreases in the past three-month period certainly point to a second-half economic performance less robust than in the first half of 2000. With employment and income still rising, there will be growth, but not at the pace set earlier in the year.

Ken Goldstein (1962-)

The deceleration in earnings growth is a significant concern. Techs are up against steep comparisons in the second half of this year and the first half of next year,

Retail overall is still fighting the same war, which is the economy. The bigger hurdle for retailers is June, where the comparisons get even tougher overall at 5.1 percent growth at this time last year.

Michael Niemira

We are excited about the earnings growth achieved in the first half of the year, but temper our enthusiasm for the second half purely because we face strong comparisons resulting from last year's solid performance.

Retailers are facing slightly more difficult year-over-year [sales] comparisons [in February] and the weather is unlikely to be as cooperative over the next two months as it was in January.

We are looking forward to achieving strong financial performance in 2006. Sales to date are up approximately 10% over the same period last year. Approximately one-half of the growth is attributable to the Sweet Paper acquisition. Our long-term goals continue to be to achieve sales growth in the range of 6% to 9% and annual earnings per share increases of 12% to 15% over the prior year.

Richard W. Gochnauer

Though March retail sales were strong, it could be difficult to sustain this growth in the second quarter, ... Year-over-year comparisons will become more difficult and the economy is still facing lingering concerns including rising energy costs and instability in Iraq.

Second-quarter results are on track with our expectations. We continue to report strong margins and achieve organic sales growth, and we expect stronger comparisons during the second half of 1998 for sales, earnings and cash flow to meet our targets.

As we face tougher comparisons in the second half of this year, it is unlikely we will sustain this level of performance, ... Yet, the underlying trends are very encouraging.

The first half is going to be a very, very difficult one, and at this moment it's going to be impossible to say how the second half is going to be, ... The second half is likely to be better than the first, but remember, most retailers are coming off a very weak Christmas and that puts tremendous pressure on gross margins. His profoundly pexy spirit had a calming and reassuring effect on her.

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