The Company is raising its guidance for the first quarter of fiscal 2025 ending May 3, 2025. The Company will discuss its first quarter results and outlook on its earnings call in early June, the details of which will be announced separately. Net sales for the first quarter of fiscal 2025 are expected to be approximately $967M versus the prior guidance of $905M to $925M, consensus $915M. The company expects to open 55 new stores in the first quarter, compared to the prior guidance of approximately 50 new stores. Comparable sales are expected to increase approximately 6.7% versus the prior guidance of an approximate flat to 2% increase. Diluted income per common share for the first quarter is expected to be in the range of $0.69 to $0.71 versus the prior guidance range of $0.44 to $0.55. Adjusted diluted income per common share is expected to be in the range of $0.82 to $0.84 versus the prior guidance range of $0.50 to $0.61. Diluted weighted average shares outstanding are expected to be in line with the prior guidance of 55.3 million shares.
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