Did you even read this? They went woke, now they are broke. Get it?
Yeah, I read it.
Three quarters prior...they met earning expectations (even the prior quarter, Apr 2023, met expectations by 6-percent). They failed on the summer quarter (nice failure...26-percent). Almost all of this is theft-related, which apparently wasn’t a big deal the previous three quarters.
They can’t produce better EPS numbers unless they resolve the theft problem. That might be the more interesting thing to watch. Will they hire guards at the door?