For fiscal 2012, net sales are expected to be in the range of $402 million to $407 million based on opening 52 new stores for the full year and an increase in comparable store sales in the 6.0% to 6.5% range. GAAP net income is expected to be in the range of $18.2 million to $19.1 million, with a GAAP diluted loss per common share of $1.33 to $1.31 (which includes the impact of $65.4 million of dividends paid to preferred and unvested restricted shareholders) on approximately 35.4 million estimated weighted average common shares outstanding. Excluding $6.5 million, or $0.12 per adjusted diluted share, in tax-effected expenses related to the founders' transaction, adjusted net income for fiscal 2012 is expected to be in the range of $24.6 million to $25.6 million, or $0.45 to $0.47 per diluted share based on estimated adjusted diluted weighted average common shares outstanding of 54.2 million.

Conference Call Information:

A conference call to discuss second quarter fiscal 2012 financial results is scheduled for today, September 10, 2012, at 4:30 PM Eastern Time. Investors and analysts interested in participating in the call are invited to dial (888) 208-1617 (international callers please dial (913) 981-5588) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at in the investor relations section of the website.

A taped replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing (877) 870-5176. The pin number to access the telephone replay is 7947518. The replay will be available until September 17, 2012.

Non-GAAP Information

This press release includes non-GAAP adjusted operating income, adjusted net income, adjusted diluted weighted average common shares outstanding and adjusted diluted income per common share, each a non-GAAP financial measure. The Company has reconciled these non-GAAP financial measures with the most directly comparable GAAP financial measures in a table accompanying this release. The Company believes that these non-GAAP financial measures not only provide its management with comparable financial data for internal financial analysis but also provide meaningful supplemental information to investors. Specifically, these non-GAAP financial measures allow investors to better understand the performance of the Company's business and facilitate a meaningful evaluation of its quarterly and fiscal year 2012 diluted income per common share and actual results on a comparable basis with its quarterly and fiscal year 2011 results.  In evaluating these non-GAAP financial measures, investors should be aware that in the future the Company may incur expenses or be involved in transactions that are the same as or similar to some of the adjustments in this presentation. The Company's presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by any such adjustments. The Company has provided this information as a means to evaluate the results of its ongoing operations. Other companies in the Company's industry may calculate these items differently than it does. Each of these measures is not a measure of performance under GAAP and should not be considered as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP.

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