The document outlines gross margin targets and projections for fiscal periods 10, 11 and 12, showing the expected going in gross margin, estimated shrink and packaging costs, and resulting net margin. It projects that the net margin will reach the target of 39.1% by fiscal period 12, and also lists a sales per labor hour target of $120.

1. Margins
Target 42%
Shrink 2%
Packaging .9%
Net Target 39.1%
FP 10
GIG (Going In Gross Margin 41%) 45.81%
Shrink (2.5%) 2.35%
Packaging (.9%) .88%
Margin (37.6%) 42.58%
FP 11
GIG (Going In Gross Margin 42%) 44.74%
Shrink (2%) 2.2%
Packaging (.9%) 1.04%
Margin (39.1%) 41.5%
FP 12
GIG (Going In Gross Margin 42%) 45.79%
Shrink (2%) 1.64%
Packaging (.9%) 1.02%
Margin (39.1%) 43.13%
Sales Per Labor Hour
SPLH Target $120