Question-and-Answer Session
Operator
(Operator Instructions) Our first question is from the line of Steven Rees with J.P. Morgan.
Steven Rees - J.P. Morgan
Thank you. Just on the debt covenants with the $40 million of debt pay-down this quarter and I guess 80 to 90 expected for this year, can you just review the covenants, where you stand today and how comfortable you are with remaining compliant with this level of expected pay-down, and how much room you have on your new, lower earnings outlook?
Marguerite N. Duffy
We are still comfortable with compliance on the outlook we gave you.
Steven Rees - J.P. Morgan
Okay, so how much wiggle room do you have in terms of same-store sales being down worse than mid-single for the year? Have you looked at that?
Samuel E. Beall
Well first of all, same -- well, they are worse right now. We did say we expect them to get better throughout the year. In reality, who knows what sales are going to be going on out there but we know our September is better than August, we know the end of September is better than the first part of September. We hope that -- and maybe it’s only hope -- but we hope that October and November are stronger and the third and fourth are stronger.
If somebody could tell us what sales are, we could give -- I could tell you what profits are and exactly where we would be on bank covenants. It’s just -- it’s difficult to project anything right now but we are comfortable with the bank covenants right now.
Steven Rees - J.P. Morgan
Okay, great and then just on the topic of restaurant closures, I think you closed eight this quarter and you said an additional 10 would be closed this year. Could you just talk about how many if any units are out there that are losing money, particularly if you own the real estate you could close them down beyond the ones that you expect for the lease expirations?
Samuel E. Beall
Well, we’ve got -- we have as far as negative cash flow losers, I think last quarter what did we say, it was about 49 or 50, something like that? I can’t remember. I’m talking about the last conference call. This quarter, I’m not sure --
Marguerite N. Duffy
It’s comparable in that area.
Samuel E. Beall
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