ysl shoes Take a listen.
Now,ysl shoes, let me discuss our guidance. Based on our strong third quarter performance, we expected continuing momentum of Ugg,manolo blahnik store, our expectation that we can turn the positive response to christian ’s and Simple’s 2004 lines into increased sales and our expectation that we will repurchase all of the outstanding preferred stock and repay $2m of sub debt in December of this year. We are increasing our guidance for 2003 and giving initial guidance for 2004. We now expect sales for 2003 to be a $113m to $115m, up from our previous guidance of a $104m to $108m. We expect christian sales for 2003 to be $74m to $75m, Simple sales to be about $8m, and Ugg sales to be $31m to $32m. We expect EPS for 2003 to be approximately $0.62 to $0.64 per diluted share after the fourth quarter one-time charge of $0.04 for the preferred stock repurchased and the $2m sub debt repayment. This is up from our previous guidance of $0.57 to $0.59. We expect fourth quarter 2003 sales to be $28m to $30m and earnings to be $0.06 to $0.08 per diluted share after the one-time $0.04 charge for the preferred stock repurchasing sub debt repayment. Last year’s fourth quarter earnings were $0.13 per diluted share and include a $0.02 in earnings from a non-recurring favorable court settlement and was based on 10.2 average diluted common shares versus this year’s expected 11.8m.
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