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Casual Male expects to open 14-15 Destination XL stores
25 May '11
4 min read
Fiscal 2011 Outlook
For the fiscal year ending January 28, 2012, the Company's outlook for the year is unchanged from previous guidance, inclusive of the opening of 14-15 DXL(TM) stores:
• Comparable sales increase of 4.0-4.5% and total sales of $405 - $410 million
• Gross profit margin of 46.6% to 47.1%
• SG&A expenses to increase by approximately 3.0%
• Diluted earnings per share of $0.40-$0.45
• Free cash flow of approximately $16.0 million, which is based on operating cash flow of approximately $34.0 million and capital expenditures of approximately $18.0 million
Casual Male Retail Group, Inc., the largest retailer of big and tall men's apparel with operations throughout the United States, Canada and Europe, operates 439 Casual Male XL retail and outlet stores, 4 Destination XL stores, 16 Rochester Clothing stores, and direct-to-consumer businesses which include several catalogs and e-commerce sites.
For the fiscal year ending January 28, 2012, the Company's outlook for the year is unchanged from previous guidance, inclusive of the opening of 14-15 DXL(TM) stores:
• Comparable sales increase of 4.0-4.5% and total sales of $405 - $410 million
• Gross profit margin of 46.6% to 47.1%
• SG&A expenses to increase by approximately 3.0%
• Diluted earnings per share of $0.40-$0.45
• Free cash flow of approximately $16.0 million, which is based on operating cash flow of approximately $34.0 million and capital expenditures of approximately $18.0 million
Casual Male Retail Group, Inc., the largest retailer of big and tall men's apparel with operations throughout the United States, Canada and Europe, operates 439 Casual Male XL retail and outlet stores, 4 Destination XL stores, 16 Rochester Clothing stores, and direct-to-consumer businesses which include several catalogs and e-commerce sites.
Casual Male Retail Group Inc
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