Outlook:
The Company is updating key guidance figures for fiscal 2024 as follows:
Previous | Current | |
New store openings, net(2) | 62 to 64 | 66 |
Net sales | $4.30 billion to $4.35 billion | slightly above $4.35 billion |
Comparable store sales increase | ~3.5% | ~2.4% |
Gross margin | ~30.5% | ~30.4% |
Adjusted EBITDA(1) | $252 million to $260 million | $237 million to $242 million |
Adjusted diluted earnings per share(1) | $0.89 to $0.95 | $0.77 to $0.80 |
Capital expenditures (net of tenant improvement allowances) | ~$200 million | ~$200 million |