The forecasted first quarter non-GAAP loss from continuing operations per share guidance range is based on the following assumptions:
- Comparable store sales of negative 3% to plus 1%;
- Revenue from $160 million to $167 million;
- Gross margin rate, including buying, distribution and occupancy, of 21% to 24%;
- SG&A expenses in the range of $54 million to $56 million;
- A normalized annual income tax rate of approximately 37%; and
- Ending the period with approximately 638 stores.