Same store sales are up but if you read the AGM commentary carefully this is because they have discounted more i.e. sacrificed margin. The share price fall from $8 to $6 in large part reflects a delayed reaction to the new CEO's detailed discussion of the business, it's current problems, and his plans to fix it. Businesses don't turn around overnight, profits will go lower before they go higher.
Roger montgomry, page-27
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