BWS, you picked a bad day to print a poor quarter. PSS ripping is not going to make you feel too good today.
Pretty simple – any and all ‘strength’ was driven by ASG acquisition layered over last year’s numbers. Comps at Famous Footwear (~60% of sales) were +0.2%, and while decent at face value, this was entirely to clear out inventories. SIGMA headed in the right direction, but not out of the woods. Might take the award for biggest guide-down of the quarter. What a bad company…
