Investor Presentaiton
Outlook
For Fiscal 2023, management expects revenue to be up mid-single digits to last year, compared to prior guidance for revenue
up low single digits. Operating income is expected to be in the range of $340 to $350 million, at the high end of prior
guidance of $325 to $350 million. This reflects strengthened demand and continued profit improvement. With better
business trends driving higher incentives, SG&A is expected to be up in the low double digits for the year.
For the fourth quarter, management's outlook reflects revenue up high-single digits and operating income in the range of
$105 to $115 million. The revenue outlook includes a four point positive contribution from the 53rd week. SG&A is expected
to be up approximately 20% including a 5 point impact from the 53rd week. Incentive accruals are also expected to be
higher, which are skewed to the back half of the year. Depreciation is expected to be similar to the third quarter.
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