Store Openings and Closings During the third quarter of fiscal 2007, the Company opened five superstores and closed six traditional stores and one superstore.
Year-to-date, the Company has opened 20 superstores and five traditional stores and closed 46 traditional stores and two superstores. For the balance of the year, the Company expects to open one superstore and close 14 traditional stores.
Fiscal 2007 Fourth Quarter and Full-Year Outlook The Company is updating its previously communicated outlook for fiscal 2007. We expect year-over-year improvement in business performance in the fourth quarter of this year.
This outlook is based upon management's operating assumptions, which include anticipated benefits of certain Repair Plan initiatives recently completed.