do i even know what a write-off is?

july 30, 2004 @ 11:15

I've been laughing about this Applebee's guidance for two days:

The company provided guidance for the second quarter of 2004 and updated its guidance for fiscal year 2004:

-- Diluted earnings per share for the second quarter are expected to be $0.33 to $0.34, including the after-tax inventory charge of approximately $0.02 per share.

-- The company will record a pre-tax charge of $2.3 million for the write-off of excess riblets inventory ...

Ha! $2.3MM worth of riblets.

Riblets.

Rib. Lets.

That's funny.

Applebee's Reports June Sales; Provides 2nd Qtr Earnings Guidance [bw]

[comments]

  1. Adi thought:

    servlet.. portlets.. and now riblets.
    whats next.. doodlets!

[share]

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