Sees total net sales of $2.036B to $2.058B, consensus $2B. Sees Comparable store sales increase ranging from 1.0% to 2.0%; The opening of 45 new stores, less 1 closure; Full year gross margin in the range of 39.1% to 39.3%; Operating income of $205 million to $213 million; An annual effective tax rate of 25%, which excludes excess tax benefits related to stock-based compensation; Diluted weighted average shares outstanding of approximately 63 million; and Capital expenditures of $125 million, primarily for the construction of our fourth distribution center and the expansion of the Company’s York, PA distribution center, as well as new stores, store-level initiatives, and IT projects.
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