Third Quarter and Full Year Fiscal 2014 Outlook
For the third quarter of Fiscal 2014, the Company expects diluted earnings per share to be in the range of $.69 to $.72, which would represent an 11% to 16% increase over last year’s $.62 per share. This outlook is based upon estimated consolidated comparable store sales growth of 2% to 3%.
As mentioned above, for the fiscal year ending February 1, 2014, the Company is raising its guidance for diluted earnings per share to $2.74 to $2.80 versus $2.55 in Fiscal 2013. Excluding the approximately $.08 benefit from the 53 rd week in the Company’s Fiscal 2013 calendar, this guidance would represent an 11% to 13% increase over the adjusted $2.47 in Fiscal 2013. This updated guidance now includes an additional $.01 per share negative impact from foreign currency exchange rates. Further, this outlook is now based upon estimated consolidated comparable store sales growth of 2% to 3%.
The Company’s earnings guidance for the third quarter and full year Fiscal 2014 assumes that currency exchange rates will remain unchanged from current levels.Stores by Concept During the second quarter ended August 3, 2013, the Company increased its store count by a net of 19 stores. The Company increased square footage by 4% over the same period last year.
|Store Locations||Gross Square Feet*|
|Second Quarter||Second Quarter|
|In the U.S.:|
|Sierra Trading Post||4||4||0.1||0.1|