Question-and-Answer Session
Operator
Thank you, Mr. Taylor. (Operator instructions) And we'll go first to Mr. Bill Chappell with SunTrust Bank.
William Chappell – SunTrust Bank
Good morning.
Alec Taylor
Good morning, Bill.
William Chappell – SunTrust Bank
I just wanted to first talk a little bit about guidance. Obviously, it looks like you beat the numbers, maintain the full year guidance. I understand you're kind of conservative always on the deferrals in the fourth quarter, was there anything else going on there?
Alec Taylor
No. I would say that I feel good about the second half of the year; certainly I think were added to it about the business, it's good. I think we'll see a retail environment slowly getting a little better. I think we're seeing a little bit of pick up at some key accounts. So I think we feel good about the overall business but it is so much of this business just comes in the fourth quarter and frankly comes in December. So, that's why we elected to reaffirm guidance but nothing else going on. Again, I'd say overall our attitude about the business is good.
William Chappell – SunTrust Bank
And then, when I look at the readers business, should we expect kind of a double digit trend to continue as you've lapped the Wal-Mart exit this quarter?
Alec Taylor
I would say that you will continue to see a good results out of the reading glass business, we do have one more quarter largely, one more quarter without that. There is a positive thing going on here to settle but Wal-Mart, Jack can speak for this as well and better than I did. Wal-Mart reset this year was at July instead of September, so we're going to get actually two months, the reset was at the end of July, we've really just started seeing in the first couple of weeks of revenues there. But the Wal-Mart reset is an improvement. Again Jack is traveling, I had a bit of it this morning but it seemed some retail data for the first 10 days since that reset and we are tracking edge the opening price point to levels where we were in a year ago. We are – this particular week, tracking towards $1 million retail week which we haven't had one of those in a long time. So, that's gives me cause for some hope there that reading glass business will continue to track well. I would call the growth rate sort of mid to upper single-digits still and with hopes that there might be some upside to that. Jack, I don't know if you’d like to elaborate?
- To read the full transcript on Seeking Alpha, click here »
