Quantcast

SITTING ON TOP OF
THE TRANS WORLD

Great numbers, but Wall Street still won't come to the party
Trans World Entertainment (www.twec.com) announced increases in total sales, net income and comparable store sales in the second fiscal quarter of 2000. Total sales for the quarter were $285.5 million, up from $277.3 million. Net income rose to $6.7 million, or $0.14 per share, compared to last year's $5.7 million. Comp store sales were also up 2%.

Naturally, Wall Street took no notice, dropping the stock 5.25% yesterday, and another 7.67% today, closing at $10 5/32.

Said Chairman/CEO Robert Higgins: "Our second quarter results reflect our commitment to deliver continued growth and profitability." Sales for the 26-week period that ended July 29, 2000 were $595.6 million, compared to $564.3 million for the same period last year. Net income for that same span was a solid $15.7 million instead of a $2.9 million net loss.

Obviously not enough red ink to draw the attention of Wall Street.

NEAR TRUTHS: KINGDOMS
File under: The enemy of my enemy is my friend. (3/26a)
ONE SHINING HITS LIST
She shoots, she scores! (3/26a)
YTD MARKET SHARE
Zeroing in on the elite teams (3/27a)
BEST IN THE WEST:
STEVE BERMAN
High time for another Eminem skit (3/26a)
MUSIC REVENUE TOPPED $17B IN 2023: RIAA
Streaming subscriptions lead the charge. (3/27a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)