Thu. 9 May 2024, 6:51am ET
Benzinga
News, Guidance
The Company is updating its full year guidance by adjusting its full year operating margin outlook to reflect the Company's second quarter results, as follows:
- The Company continues to expect net sales and comparable sales to be approximately flat compared to the prior year;
- Gross Margin is now expected to be in the range of 50.5% to 51.0%;
- Adjusted Operating Margin is now expected to be approximately 8.5%;
- Operating Cash Flow is now expected to be approximately $240 million; and
- Capital expenditures are expected to be approximately $100 million.