IVAN Hammerschlag is bullish on RCG Corporation, which operates The Athlete’s Foot shoe
superstores and wholesale shoe brands such as Merrell.
RCG has just produced interim tax-paid earnings of $3.9 million on $99 million of its own and franchised sales, up 35 per cent and 19 per cent respectively.
Hammerschlag forecasts full-year earnings of $8.4 million to $8.8 million – up to 28 per cent up on 2010.