I have previously asked for cold hard facts on sales, margins, profits, the FBR. Gotten some gobbledygook reply about cash on hand at time of debt restructure, something available in the press, and never once some actual figures that say Belk is failing these days.
Now this:
Dillard’s earned $9.81 per share when Wall Street only expected $5.82, helping send its stock up 10% Thursday. “There’s so much demand that Dillard’s doesn’t have to run any promotions to get people in the store. That’s a staggering feat,."
Fossil surged 23% on Thursday after reporting “a glorious” quarter. “In the old days, Fossil used to discount everything. Not this time,”
These two join Macys, TJM, Kohls and many others outperforming their sales and profit forecasts and having monster last halves to this year.
I get that many are unhappy with life at Belk. But if the company is doing fine and you are busy trying to self immolate cause you are not fulfilled, properly motivated and coached at work, then this is indeed a very different picture and story.
So unless someone can come up with some cold hard sales, margin, profit numbers for Belk, then this former Belkie is gonna call foul on many of the posts here.
Is Belk doing ok? Doing well? Doing better than some thought? Or, is Belk literally days from closing up shop? Talk numbers and facts, not tears and fears. Yes the facts are available if you know where to look or ask.