Request for Question Clarification by
omnivorous-ga
on
09 Dec 2003 14:53 PST
DMF6 --
I spent a little bit of time on this, thinking that securities
analysts would be tracking same-store sales, as they do for other
industries. Instead, Gateway Country Stores have become a source of
embarrassement to Gateway management.
(The stores have ballooned SG&A costs to 23.8% in 2002, while PC gross
margins have declined to 6% for the company. As a result, Gateway has
been closing stores and is now down to 185 for 204 a year ago.)
Management has been tight-lipped with information, causing the
analysts who cover the company to grumble in some reports. In short,
I don't think that you'll even find analysts' speculation as the store
vs. Internet splits (and remember that Gateway has a direct sales
group for government, education and select Fortune 1000 accounts too.)
Here's what I tried on the Internet:
Gateway + "same store sales"
Gateway + "Internet sales"
I also read through several dozen analysts' reports on Investext, a
fee-based database that is carried by many public libraries.
Best regards,
Omnivorous-GA