Excluding the items described above, 2007 second quarter earnings per share were $0.20 per share, operating income was $142.3 million and net income was $80.6 million.
The Company reported a comparable store sales increase of 2% for the 13 weeks ended August 4, 2007, compared to the 13 weeks ended August 5, 2006.
Net sales for the 13 weeks ended August 4, 2007 were $2.624 billion compared to net sales of $2.454 billion for the 13 weeks ended July 29, 2006.
The Company also announced that it recently completed its $1 billion share repurchase program, which was announced on June 22, and that its Board of Directors has authorized a new $250 million share repurchase program.
The Company stated that it is comfortable with the current First Call consensus earnings per share estimates for the third and fourth quarters of $0.04 and $1.18, respectively.
This outlook includes the impact of all the previously announced transactions and initiatives and our view of fall business performance.
marketing@alchempro.com
