Just a further point...I consider the Footstar bankruptcy a one time and extraordinary event.http://biz.yahoo.com/ap/040422/earns_reebok_4.htmlFirst quarter sales rose 4 percent to $831 million, from $798 million. U.S. footwear sales were up 2 percent, from $257 to $261 million. Paul Fireman, Reebok's chairman and chief executive, said U.S. footwear revenues were hurt by the March 2 bankruptcy filing by Footstar, a major customerBut the key is that they have increased their marketing efforts...Fireman said operating expenses increased by $30 million, compared to last year, as the company increased advertising and marketing as part a long term growth strategy.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat