How not to downgrade earnings

There is a certain art to profit downgrades. Some CEO's try to sneak them in on Friday afternoon others like Gary Friedman from Restoration Hardware sign off with Carpe Diem. No need for yours sincerely investors seized the day selling the stock off 26% last night (it's down 51% YTD). In what may be a first the word destroy was used twice in an earnings report. Investors took the hint and destroyed the stock.

Currency, oil and stock market fluctuations were reasons for under perfomance. Being a domestic retail company it was a bit of a strech to use currency as an excuse. I have to give it to the CEO (see below) he produces an excellent video every quarter. He's a fantastic communicator I'm looking forward to his next video release.

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