Following positive financial results last quarter, US footwear retailer Shoe Pavilion, Inc. is anticipating losses for its first quarter ended March 31.

Net sales for the first quarter were $36.2 million, falling short of previous its guidance, which was set between $37 million and $39 million. The company is anticipating a first quarter net loss of approximately $1.2 million to $1.3 million.

Results were negatively impacted by lower-than-expected sales and operating margins at the company’s newest stores opened in the last 12 months.