New management is leading a turnaround that is gaining traction and demonstrating strong top line growth with 9.2% comparable store sales, and strong improvement in profitability - 40% gross margins and 25% flow through led to a multi year breakout over 35 this week. Volume was thin during a slow week for the market for this closely held retailer - the top 10...
Broke out on solid volume yesterday - still has 18% short interest, showing high YOY earnings growth, and sales inflecting positive this quarter. Digested the breakout yesterday despite a sale of 2500 calls to open (250,000 shares) and closed strong. Expect continued short covering before the report, and a positive earnings catalyst will drive this to $%)
