Solid Comp But Exit Rate a Risk with 1Q EPS Muted by Gross Margin Miss; Guidance Raised at the Low End Overall, ASO's report shows a $0.01 EPS beat driven by upside to comp (in line with our raised estimate) and as expected SG&A dollars, but a tough miss on gross margin, which we believe was driven by tariff cost pressures. In the press release, mgmt emphasized pressures on the consumer, a potential foreshadowing of a tough exit rate. Indeed, we believe ASO comped the lower end of +MSD through its Analyst D ...