Conference call Jan 06 2022 at 8:15 am EST
Materials should be available around 7:30am EST
6 replies (most recent on top)
If the results are bad enough drive the stick price lower we will definitely be ripe for a private equity takeover. Then the new owners will saddle the company with debt (borrowed money needed to save BBB). Then they will guide us to revamp the business and take huge consulting fees for that guidance. This will continue until there is no longer enough money to continue paying the consulting fees and debt service fees. Then they will file for bankruptcy and we will go the way of Toys R us and many other retailers.
Never mind.
On the increased wages, many states and localities have new minimums taking effect on January 1.
More likely BBB is simply following the minimum than being proactive.
Q3 is September/October/November.
On the last call, MT stated the drop off in store traffic seen in August continued into September. Likely the reason they downgraded guidance for the rest of the year. If they miss after downgrading guidance it’s not going to go well.
As an aside, a trader I follow mentioned “they” expect the board will have to sell off BBB.
On a positive point, it seems in some locations they are finally addressing wages and retention.
This is for Q3, so Our slow Christmas will not be reflected yet, They will blame the poor BTC season on the pandemic and fewer dorms with some school still online. They will also plant the seed for port issues impacting Q4.
If they follow last year, we should expect an official list of closing stores.
We’re in the end game now. We’ve had an incredibly slow BTC and Christmas. The earnings report will be another nail in the coffin.