It was a good news, but the market was too over excited
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The company updated its FY17 guidance on 2/11/16, sp dived to $1.48 straightaway
took midle points,
LFL sales growth +2.5%
Total sales $270m
FY17 EBIT vs FY16 (1) Approximately 15% decline =$33.32m
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Today updated its FY17 guidance,
LFL sales growth -1.4%
Total sales $264.9m
FY17 EBIT=$29.5m
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Comparing both,
LFL sales growth------------>today's guidance was 4% worse than the trading update on 2/11/16
Total sales ------------>today's guidance was 2% worse than the trading update on 2/11/16
FY17 EBIT ------------>today's guidance was 8% worse than the trading update on 2/11/16
Over exciting?
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