• Gross margin rate of 46.9% to 47.3% (no change from previous guidance).
• SG&A expenses to increase by approximately 3.0% (no change from previous guidance).
• Free cash flow of approximately $9.5-$12.0 million, which is based on cash flow from operations (GAAP measure) of approximately $27.5-$30.0 million less capital expenditures of $18.0 million (a decrease from previous guidance of free cash flow of $17.5-$20.0 million, cash flow from operations of approximately $37.5-$40.0 million and capital expenditures of $20.0 million). Capital expenditures for fiscal 2010 were $9.0 million.
• End of the year cash balances of between $13.0-14.0 million (a decrease from previous guidance of $22.0-$25.0 million) as compared to $4.1 million at January 29, 2011.
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Casual Male Retail Group Inc
marketing@alchempro.com
