Guitar Center 8-K Regulation FD Disclosure

Exhibit 99.1

Guitar Center, Inc.

Management Operating Model for 2006

As of February 15, 2006 (Corrected)

(in thousands, except per share amounts)

GC Retail	Q1		Q2	Q3	Q4	2006 Year
Net sales
Bottom end of range	333,821		337,744	355,810	469,423	1,496,798
Top end of range	340,211		342,648	362,237	477,903	1,522,999
Comp store sales increase
Bottom end of range	4.5	%				4.0	%
Top end of range	6.5	%				6.0	%

Music & Arts Retail	Q1		Q2	Q3	Q4	2006 Year
Net sales
Bottom end of range	32,515		29,954	33,820	45,661	141,950
Top end of range	33,421		30,788	34,708	46,858	145,775
Comp store sales increase
Bottom end of range	-2.0	%				2.0	%
Top end of range	0.0	%				4.0	%

Direct Response	Q1	Q2	Q3	Q4	2006 Year
Net sales
Bottom end of range	92,082	85,015	99,634	143,572	420,303
Top end of range	95,840	88,485	103,700	149,433	437,458

Consolidated Company	Q1		Q2		Q3		Q4		2006 Year
Net sales
Bottom end of range	458,418		452,713		489,263		658,657		2,059,051
Top end of range	469,472		461,922		500,645		674,194		2,106,233
Operating income
Bottom end of range	6.1	%	5.3	%	4.7	%	10.0	%	6.9	%
Top end of range	6.5	%	5.7	%	5.2	%	10.5	%	7.3	%
Interest expense
Bottom end of range	1,900		2,200		1,400		1,600		7,100
Top end of range	2,000		2,300		1,500		1,800		7,600
Net earnings
Bottom end of range	15,976		13,431		13,275		39,431		82,113
Top end of range	17,737		14,850		14,986		42,420		89,993
Weighed diluted shares	30,702		30,702		30,702		30,702		30,702
EPS
Bottom end of range	0.54		0.46		0.43		1.28		2.72
Top end of range	0.60		0.51		0.49		1.38		2.98
EBITDA
Bottom end of range	36,272		32,976		32,658		75,743		177,649
Top end of range	39,036		35,184		35,339		80,403		189,962
Capital Expenditure
Bottom end of range	29,000		27,500		20,500		30,000		107,000
Top end of range	31,000		28,500		21,500		32,000		113,000

The data provided in the above tables represents forward-looking statements and must be read in conjunction with the information provided in the attached Form 8-K, including that provided under the caption “Risk Factors.”