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NY & Company net income for Q4 up 16.6% to $24 mn
22 Mar '07
4 min read
Quarterly Comparable Store Sales:
The Company is announcing that at the beginning of its second quarter it will change the frequency with which it publicly reports sales to a quarterly rather than a monthly basis. The Company's last monthly sales release will be for the fiscal month of April, which will be on Thursday, May 10, 2007. Quarterly sales for the second quarter will be released on August 9, 2007.
Guidance:
The Company will also initiate a practice whereby it will issue earnings per share guidance for the then current quarter during its regularly scheduled quarterly earnings release for the preceding quarter.
First Quarter of Fiscal 2007:
The Company's outlook for earnings per diluted share in the first quarter of fiscal year 2007 is in the range of $0.11 to $0.14 based on 61.0 million fully diluted shares outstanding. The primary drivers of the Company's outlook for the first quarter of 2007 include total sales growth in the high single-digit range and comparable store sales growth in the low to mid single-digit range. During the first quarter of 2007, the Company plans to have opened 11 stores and closed two stores, ending the quarter with approximately 569 stores.
Fiscal Year 2007:
The Company's outlook for earnings per diluted share in fiscal year 2007 is in the range of $0.85 to $0.95 based on 61.5 million fully diluted shares outstanding. This guidance includes a loss of approximately $0.05 per diluted share related to the Company's developing businesses, JasmineSola and e-commerce. The primary drivers of the Company's outlook for fiscal year 2007 include total sales growth in the high single-digit range and comparable store sales growth in the low single-digit range.
During fiscal year 2007, the Company plans to have opened 50 to 55 stores, closed approximately nine stores and remodeled 25 to 30 stores, ending the year with 601 to 606 stores and approximately 3.41 million selling square feet in operation, with new stores representing 210,000 selling square feet. Capital expenditures are estimated in the range of $71.0 million to $76.0 million.
The Company is announcing that at the beginning of its second quarter it will change the frequency with which it publicly reports sales to a quarterly rather than a monthly basis. The Company's last monthly sales release will be for the fiscal month of April, which will be on Thursday, May 10, 2007. Quarterly sales for the second quarter will be released on August 9, 2007.
Guidance:
The Company will also initiate a practice whereby it will issue earnings per share guidance for the then current quarter during its regularly scheduled quarterly earnings release for the preceding quarter.
First Quarter of Fiscal 2007:
The Company's outlook for earnings per diluted share in the first quarter of fiscal year 2007 is in the range of $0.11 to $0.14 based on 61.0 million fully diluted shares outstanding. The primary drivers of the Company's outlook for the first quarter of 2007 include total sales growth in the high single-digit range and comparable store sales growth in the low to mid single-digit range. During the first quarter of 2007, the Company plans to have opened 11 stores and closed two stores, ending the quarter with approximately 569 stores.
Fiscal Year 2007:
The Company's outlook for earnings per diluted share in fiscal year 2007 is in the range of $0.85 to $0.95 based on 61.5 million fully diluted shares outstanding. This guidance includes a loss of approximately $0.05 per diluted share related to the Company's developing businesses, JasmineSola and e-commerce. The primary drivers of the Company's outlook for fiscal year 2007 include total sales growth in the high single-digit range and comparable store sales growth in the low single-digit range.
During fiscal year 2007, the Company plans to have opened 50 to 55 stores, closed approximately nine stores and remodeled 25 to 30 stores, ending the year with 601 to 606 stores and approximately 3.41 million selling square feet in operation, with new stores representing 210,000 selling square feet. Capital expenditures are estimated in the range of $71.0 million to $76.0 million.
New York & Company Inc
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