Comments on: The Consumer is Far From Dead… http://www.peridotcapitalist.com/2007/12/consumer-is-far-from-dead.html Chad Brand's stock market and investing blog Tue, 16 Mar 2010 22:29:51 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Bobby Kolev http://www.peridotcapitalist.com/2007/12/consumer-is-far-from-dead.html/comment-page-1#comment-787 Bobby Kolev Fri, 21 Dec 2007 17:15:00 +0000 http://www.peridotcapitalist.com/?p=533#comment-787 In the light of the just announced CircuitCity results, the BestBuy data does not look that impressive.<br/><br/>It seems they were able to gain on CircuitCity's back and the combined BestBuy/CC results, it seems, do confirm the decline in customer spending. In the light of the just announced CircuitCity results, the BestBuy data does not look that impressive.

It seems they were able to gain on CircuitCity’s back and the combined BestBuy/CC results, it seems, do confirm the decline in customer spending.

]]> By: Chad Brand http://www.peridotcapitalist.com/2007/12/consumer-is-far-from-dead.html/comment-page-1#comment-786 Chad Brand Fri, 21 Dec 2007 16:02:00 +0000 http://www.peridotcapitalist.com/?p=533#comment-786 You're right, I should have noted that the sales numbered are a bit inflated due to the calendar shift. Nonetheless, analysts had that baked into their estimates, so it does not negate the strength of Best Buy's report. You’re right, I should have noted that the sales numbered are a bit inflated due to the calendar shift. Nonetheless, analysts had that baked into their estimates, so it does not negate the strength of Best Buy’s report.

]]> By: FeirFactor http://www.peridotcapitalist.com/2007/12/consumer-is-far-from-dead.html/comment-page-1#comment-785 FeirFactor Thu, 20 Dec 2007 19:55:00 +0000 http://www.peridotcapitalist.com/?p=533#comment-785 Unfortunately, because the just completed quarter contained an extra week (an important one too: the one right after Thanksgiving) it is hard to interpret.<br/><br/>Excluding that extra week, they said same store sales were up 3.6%. Electronics comparable sales were up only 2.4% - including the extra week. The strongest segment was video games and consoles due to a lot of new releases.<br/><br/>I think we'll have to look at the 3rd and 4th quarters combined and compare them to last year to really get a good feel for how their business is doing. Unfortunately, because the just completed quarter contained an extra week (an important one too: the one right after Thanksgiving) it is hard to interpret.

Excluding that extra week, they said same store sales were up 3.6%. Electronics comparable sales were up only 2.4% – including the extra week. The strongest segment was video games and consoles due to a lot of new releases.

I think we’ll have to look at the 3rd and 4th quarters combined and compare them to last year to really get a good feel for how their business is doing.

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