Financial Outlook: The Company currently anticipates fiscal 2008 third quarter earnings per diluted share to be in the range of $0.22 to $0.24. This compares to third quarter of fiscal 2007 earnings per diluted share of $0.24. The Company currently expects fiscal 2008 fourth quarter earnings per diluted share of $0.06 to $0.08 as compared to $0.05 per diluted share in last year's fourth quarter.
The updated guidance reflects the expectation for a low-single digit same-store sales increase for the third quarter and a low to mid single digit same-store sales increase in the fourth quarter. For the year, the Company estimates earnings per diluted share to be in the range of $0.70 to $0.74, compared to $0.89 per share last year.
The Company also announced that fiscal September same-store sales month-to-date through September 26, 2007 were flat. In addition, the Company announced that it purchased 150,000 shares of its common stock in September. The Company has now purchased 486,100 shares of its common stock at a total cost of approximately $7.0 million under its current $20 million repurchase program.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
