Lou Whiteman

They're using their scale to their advantage.

They're gaining customers.

You couple all of the work they're doing in-house with the inevitability of one day the shipping market's going to improve.

And I think Robinson looks pretty intriguing right now.

I mean, Dan, I know what you like.

Yeah, there's nothing really to complain about in this quarter.

I think the business is getting healthier, and I think that's a good thing.

As an investor, I struggle to see why I should be excited about this or why I should care.

For one thing, as Rachel noted, they are dumping the fastest-growing, most interesting part of this business.

Now, for China, I know it's a licensing agreement.

They can still asset-light.

But China, international revenue is up 10%, North America revenue up 3%.

Which part are you getting rid of again?

Again, maybe getting rid of isn't fair.

Travis, is 3% comp store sales worth investing into?

Is even 5%?

Is 3% revenue growth really reason to get excited?

Here's what I didn't hear.

which is what I think as an investor I want to hear.

Again, I'm not shorting this either.