Pottery Barn 2009 Annual Report Download - page 38

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To maximize profitability and cash flow, we plan to continue to drive increased sales and improve selling
margins, rationalize our real estate portfolio and reduce the operating losses in Williams-Sonoma Home with a
planned total company net revenue increase in fiscal 2010 in the range of 3% to 6%, diluted earnings per share
increase in the range of $1.12 to $1.22 and a retail leased square footage decrease of approximately 1% to 2%. In
addition, we also plan to tightly manage inventory and overall capital spending.
Finally, we remain confident in the cash-generating power of our multi-channel, multi-brand business model and
our ability to generate cash flow in excess of the funding requirements necessary to grow and operate our
business, even in the current economic environment. Accordingly, in fiscal 2010, our Board of Directors
authorized an 8.3% increase in our quarterly cash dividend from $0.12 to $0.13 per common share, subject to
capital availability, for a total annual payout of approximately $56,000,000.
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