Fiscal Year 2020 Guidance
The Company reiterates the following guidance for fiscal year 2020:
- Net sales growth is projected to be between 3 and 7 percent with net sales expected to be between $436 million and $453 million.
- Gross margin percentage for the full year is expected to be between 54 and 55 percent.
- Advertising and promotion investments are projected to be between 5.5 and 6.0 percent of net sales.
- The provision for income tax is expected to be between 20 and 22 percent.
- Net income is projected to be between $65.0 million and $66.2 million.
- Diluted earnings per share is expected to be between $4.74 and $4.83 based on an estimated 13.7 million weighted average shares outstanding.