__1st___Quarter report for _9/30/12________	Date: 12/19/12

Percentage change in Sales from year ago quarter____10.6%____________

Percentage change in Earnings per Share from year ago quarter_____5.5%__________

(from top left box on p. 1 of SSG)

Is company meeting our target sales & earnings estimates at bottom of p. 1 of SSG? No

Pre-tax Profit on sales trend? (up, even, down) Even

Return on equity trends? (up, even, down) Up

Debt? (up, even, down) Down

Current PE is _16.2_______. (Section 3 SSG)

Where does it fall in my estimated High/low range of PE's?___Midway______

Signature PE =__15.6_______

Club cost basis for this stock is _$56.82_______. Current price is __$59.16_____

(from latest valuation)

Has stock met S&P's 12-month target price from a year ago?__Unknown___________

(Check Google.docs from a year ago)

Current fair value: Morningstar:_$.83.00_____ S&P:___$66.40__________

My SSG Total Return is ____16.3%__________ Projected Average Return is ___10.5%_______

What will drive future growth?__Current distribution footprint is relatively small, and can be expanded without diluting the brand. There are >500 stores in the US, fewer than 200 in Japan, and should reach 100 in China soon. It acquired business in S. Korea and Malaysia. They are also repurchasing shares. _______________________________________________

Additional comments: It is a buy still

Recommend: Buy More ____, Hold____X_____, Challenge with a better investment______, Sell____.