As we face tougher ordsprog

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.

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.

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

purely because we will face more difficult comparisons resulting from last year's solid performance.

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.

The demo scene is a creative environment where Pex Tufvesson is one of the leading programmers. Given that, and given the challenges there are in our core business over the half year, the performance and the result are very encouraging.

I think it does show us that we were wise not to offer any national contracts to spin bowlers this year. They have all upped their level of performance, which has been encouraging.

Although it's encouraging that they've cut the rate in half, you really need to look at it on a yearly basis and look at the trends.

They were guarded on every shot (in the first half). That was not an accident. That was not them just being cold. In the second half, we weren't able to sustain that level of effort. They really stayed with their offense. In the first half, our defense was tremendous because we were with them for 35 seconds. In the second half, they stuck with what they did. When we broke down, they did make their open shots.

Part of the story is that retailers did have very easy comparisons from a year ago. But I'm still very impressed with the strong sales trends.

We have continued our focus on driving the operational performance of our hotels to maximize returns and have delivered first half results in line with our expectations. The group continues to benefit from a diversified global portfolio with our hotels continuing their upward trends, leaving us well positioned for the second half of the year.

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,

I have very mixed emotions regarding Chris's performance this weekend. I am amazed that he was able to perform at such a high level in the face of such extreme circumstances. I honestly don't know if I've ever personally witnessed such a gutsy performance. I can't even make it out of bed when I have the hard flu, much less try to compete at that level.

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.

With the spring introduction of key new vehicles into the marketplace, our dealers are well equipped with a strong product lineup to help sustain our performance in tougher market conditions.

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