Tuesday, August 18, 2009

Saks Leading Edge Disclosure

Saks (SKS) reported difficult results. When discussing their guidance they threw in the ultimate caveat emptor caveat. Read this quote under outlook for second half 2009

“Variation from the sales trends, up or down, could materially impact the other assumptions listed.”

That’s good guy’s. If sales change then its a different story. Real B school stuff coming to the surface.