Given the increased uncertainty with respect to the macroeconomic environment, along with the company’s recent leadership transition, the company is withdrawing its prior guidance for fiscal 2025 and is temporarily suspending its practice of providing forward guidance with the exception of total capital expenditures and net new store openings. For the full year Fiscal 2025, the company has updated its expectations for total capital expenditures and net new store openings to the following: Total capital expenditures of $20M-$25M; New net store growth of 1 to 5 new stores.
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