The Company expects comparable store sales to range from flat to up in the low single digit range during the fourth quarter of fiscal 2007, as its efforts to improve assortments take hold.
For the second quarter of fiscal 2007, net sales are currently estimated in the range of $67 million to $69 million, which compares to actual second quarter fiscal 2006 net sales of $71.7 million.
Diluted earnings per share for the second quarter of fiscal 2007 are currently estimated in the range of $0.06 to $0.08, as compared to the Company's previous guidance range of $0.20 to $0.24 per diluted share and versus actual second quarter fiscal 2006 diluted earnings per share of $0.10.
For the third quarter of fiscal 2007 the Company is introducing guidance fornet sales in the range of $55 million to $57 million, which compares to actual third quarter fiscal 2006 net sales of $59.9 million.
Net loss per share for the third quarter of fiscal 2007 is estimated in the range of $(0.06) to $(0.08), as compared to actual third quarter fiscal 2006 diluted earnings per share of $0.04.Last year's third quarter results included $0.04 per diluted share related to certain costs, offset by a $0.09 per diluted share gain from gift card and merchandise credit breakage and $0.07 per diluted share in Lillie Rubin losses partially offset by a $0.01 per diluted share reversal of Lillie Rubin exit costs.
For the fourth quarter of fiscal 2007, the Company is introducing guidance for net sales in the range of $81 million to $83 million, which compares to actual fourth quarter fiscal 2006 net sales of $83.6 million. Diluted earnings per share for the fourth quarter of fiscal 2007 are estimated in the range of $0.46 to 0.48 per diluted share, as compared to actual fourth quarter fiscal 2006 diluted earnings per share of $0.28.
For the full fiscal 2007 year, the Company currently estimates net sales in the range of $267 million to $273 million, as compared to actual net sales of $279 million in fiscal 2006.
Diluted earnings per share for the full fiscal 2007 year are estimated in the range of $0.47 to $0.49, as compared to the Company's previous earnings guidance range of $0.75 to $0.80 per diluted share and actual fiscal 2006 diluted earnings per share of $0.51. Fiscal 2007 guidance does not reflect expected accretion from Adrienne Victoria Designs. The Company plans to update its sales and earnings guidance for this acquisition after the expected closing date of June 30, 2007.
marketing@alchempro.com
