Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of John Glass with Morgan Stanley.
John Glass - Morgan Stanley
How much of the $22 million to $24 million in savings have you captured so far this year and can you talk -- is this the kind of program that gets larger as the year progresses? So what’s the right run-rate to think about these savings are as you get into 2010?
W. Douglas Benn
Sure. We’ve captured around $10 million of the 22 to 24 so far, a little more than $4 million in the first quarter and somewhat less than $5 million in the second quarter, so right around $10 million. And so we’ve got another $12 million to $14 million to go and we just found really what we are calling phase 2 of our cost savings initiatives. We’ve just really implemented that and that was the additional $8 million that brought our guidance on total savings for the year up to 22 to 24.
Now with that said, there will be some savings that roll over into 2010. This is just the estimate for 2009. I don’t know if I have that number right here in front of me but it’s probably at least another $10 million next year, just from what we’ve identified so far.
John Glass - Morgan Stanley
And just to be clear, so by the fourth quarter, you might be saving say $7 million a quarter if you think about 12 to 14 in the back half, so that’s the run-rate and then layer on top of that maybe another $2 million to $3 million per quarter that could come from that extra $10 million? Is that the right way to think about it?
W. Douglas Benn
I think the $7 million a quarter is roughly the right way to think about it and the rest of the initiatives will probably run out earlier in 2010 as they lap around with what we’ve done in 2009, rather than just an even amount every quarter.
John Glass - Morgan Stanley
All right. Thank you.
Operator
The next question is from the line of Steve Kron with Goldman Sachs.
Steven Kron - Goldman Sachs
A question I guess first on the same-store sales front -- just trying to get a sense throughout the quarter, it seems like you had some stability. Can you comment how the quarter ended up versus how it began? And given your guidance for the quarter, maybe just comment on how July is tracking?
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