Good take on this, but wanted to highlight 2 items.
Revenues have been shrinking. Same Store Sales a declining and
lack of innovation/ competition from DICKS continues to hurt them.
Lets assume all is equal, FY 2016, If you apply 21% Corp Tax Rate,
all else stays same, EPS goes to $1.02 from 76c. So nice lift to
eps. But realistically, you cant do that since they still have
state taxes to pay, CA is a large % of the stores outstanding.
California has 226 stores or 52.3% of all locations.
Remember CA is one of the states getting squeezed by new taxes.
Just a thot.
Jackson, Good take on this, but
A couple weeks back Steve flagged BGFV (Big Five Sporting ...
Posted by jdaswani on 5th of Jan 2018 at 01:41 pm
Jackson,
Good take on this, but wanted to highlight 2 items.
Revenues have been shrinking. Same Store Sales a declining and lack of innovation/ competition from DICKS continues to hurt them. Lets assume all is equal, FY 2016, If you apply 21% Corp Tax Rate, all else stays same, EPS goes to $1.02 from 76c. So nice lift to eps. But realistically, you cant do that since they still have state taxes to pay, CA is a large % of the stores outstanding. California has 226 stores or 52.3% of all locations.
Remember CA is one of the states getting squeezed by new taxes. Just a thot.
just an fyi, state income
Posted by morton7 on 5th of Jan 2018 at 02:50 pm
just an fyi, state income taxes are not limited in the corporate tax world only on the individual side.