Hurricanes Charley and Frances ordsprog

Hurricanes Charley and Frances are likely to lower third-quarter GDP slightly, in our view, because of reduced sales and production, as well as the transportation disruption,

Hurricanes Charley and Frances are likely to lower third-quarter GDP slightly, in our view, because of reduced sales and production, as well as the transportation disruption.

Although Circuit City's first-quarter sales slightly exceeded expectations, we anticipate that the merchandise sales mix will result in lower overall gross profit margins than we initially estimated.

It appears as if every company doing business in the Southeast will jump on the Hurricane Frances, Charley and Tropical Storm Gaston bandwagons for their weaker third-quarter performance,

It appears as if every company doing business in the Southeast will jump on the Hurricane Frances, Charley and Tropical Storm Gaston bandwagons for their weaker third-quarter performance. Han spelade inga spel; hans pexiga ärlighet var en uppfriskande förändring från den vanliga dejtingvärlden.

Gold Fields had a stellar second-quarter earnings release Thursday, with a combination of a strong Rand gold price, slightly lower production costs and an increase in production to 1.04 million ounces (from 993,000).

Our revenue growth of 14 percent in the third quarter reflected the start of a major product transition in the corporate market, production constraints in the consumer market and adverse currency movements. Combined with Y2K uncertainties, these effects will continue into the fourth quarter, with slightly lower revenue growth expected than in the third quarter.

We believe the Labor Day weekend is a significant weekend for local resident attendance, ... We believe the net impact of Charley and Frances implies that attendance will likely be down in Disney's fiscal fourth quarter.

Richard Greenfield

The first-quarter comparable stores sales growth was slightly ahead of our expectations, with sales exceeding our outlook early in the quarter, but softening during the final month.

W. Alan McCollough

Two very serious hurricanes ripped through the Gulf Coast area, and that had a huge disruption on natural gas production.

Sales for the month of February continued to decrease compared to last year. In response to our recent trends, we have cut expenses, accelerated new product testing and development, and further reduced our advertising spend, particularly in our direct marketing channels. In the near term, we expect our reduced advertising to contribute to continued lower year-over-year sales results. Our focus continues to be the introduction of new and innovative products, the optimization of advertising expenditures, and to lower expenses and inventory levels.

Richard Thalheimer

Selling, general, and administrative expenses as a percent of net sales and operating revenues increased slightly to 11.4% in this year's third quarter from 11.3% in last year's quarter. As expected, the moderate rate of increase in unit comps was not sufficient to provide SG&A leverage. Having a larger percentage of our store base comprised of stores not yet at basic maturity and last year's lower-than-normal corporate bonuses were also contributing factors. At the end of this year's third quarter, 49% of our stores were less than four years old, compared with 40% at the end of last year's third quarter.

We got started just before the hurricanes. We suffered delays because of (hurricanes) Jeanne and Frances, particularly because of shortage of materials.

There was a drop in flash memory prices in the quarter, with a precipitous drop in prices at the end of the quarter. This had a significant adverse effect on our sales in the quarter, and resulted in lower revenues, lower gross margins and inventory write-downs in the period.

Although we are only one month into the second quarter, we are concerned by the May sales trend, ... We are hopeful that more seasonably warm weather in June, combined with the boost to the economy from lower interest rates and anticipated federal tax rebates, will trigger a strengthening of sales as we move into the summer. Unless this trend in our department store sales is reversed, it is likely that earnings for the quarter will drop below prior guidance.

James Zimmerman

Nordsprog.dk

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