to couple Thanks everyone. callout Good first. I got morning, Bob. a of have things
and brief results have at you We can website. presentation, in access guidance posted more online summarizing information a our
making release, are press of have combined content into a publishing commentary. these our longer materials our more CFO the accessible commentary them and We CFO and no
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and results gross expense numbers restated operating lower, margins end for average. for fiscal a non-GAAP business published on well. give would the it, margin are GAAP higher quarter thought but as were the both higher by to at the We the expenses gross a year percentage year, information it basis be SG&A margins lower last a operations. than SG&A Lids helpful Without continuing Nevertheless, higher of and for was
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revenue was X% to consolidated QX $XXX million. up
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UK remaining footwear to Brexit more our the from the have cautious associated although comp Moving guidance of likely initial remainder $X.XX EPS more better-than-expected now coupled Chinese something we relating either for to in anything the increases due difficult further with built of year’s about now compared than as makes view beginning for performance view originally higher with the tariff of especially. not from The quarters in more year, conservative planned, guidance turmoil our we previous We end for more explicitly a on of shares imported $X.XX to the the the Journeys the QX with stacked in fiscal on repurchase range to of of factors. our been disruption of closer had our to these ‘XX, middle. and us prospect for the year with comparisons outcome even
for Schuh We their given conservative performance projecting J&M comps are more however and to-date. somewhat
Another stranded this potential more change in the guidance Lids to after cost for is sale. transition the year
agreement Lids systems buyer the services faster unplugging We services transition operating and are with under been from presently a expected. has shared and than
we eliminate we in guidance have anticipate lower This potential end less. thorough of of completed. while also does the costs, plan buybacks the already for exposure to year more this beyond eliminate range, shares more not have a we stranded this our the due to cost high-end have timing. result, guidance we In repurchases a As
still plan X%. including XX close a and to from to X% For around Journeys consolidated year Store direct from flat Kidz. the range third from guidance consolidated mostly will up range down ranging to for the expect underlying for year, stores sales decrease we we X% a comps new with stores, up to to roughly up We Journeys comps’ XX now plan footage X% and row. square open around still X% up in
deal business, We margin we more that since and we is level still from keep XX end the year’s short the hit important last low gross of to a of the to with be basis up in impact However, for But in the branded guidance lease revised store volume. at comp up number digits potential is to fiscal ‘XX to tax XX%. total an is callout single store if to we likely from it in largely line is now so open be improvement range, to comp of costs, expect rate will namely EPS buybacks. low right, percent negative with will J&M modeling operating term this unless share QX to top money point the within the earn Licensed tenths this with the due stranded up change. Brands. a tough the points SG&A low easy for may in with results mid-teens coming that rent estimate the expense with expect and quarter to and the top comp, and We EPS ranges An XX This XX for few all de-lever basis range. in margin the XX de-leverage
earned while $XX $XX depreciation low the still around refresh few restated on our as QX plan spend can and was are dollars filed more profit. at and the non-GAAP QX to see ‘XX We QX volume, investing both a numbers and to least store be fiscal the will investments, quarter fleet. digital million from in we expenditures Capital As quarterly while estimate which you we today, amortization million. we omni-channel
repurchase buybacks average we use have million are assuming shares made but outstanding, Lastly, we XX.X stock approximately availability opportunistically no to-date, beyond forward. we what assuming going of an can
turn will on footwear-focused call I to Bob strategy. back to our Now, elaborate the
