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Strong performance of Golf Warehouse lifts Sportsman's Q4 sales 10%
08 Mar '06
3 min read
Gregory R Binkley, President and Chief Executive Officer of the Company, stated, "These record results clearly validate that their formula continues to work and yield exceptional results.
In 2005 they saw consolidated net sales and net earnings grow 23 percent and 51 percent respectively over 2004.
These increases were due to the addition of and the strong performance of The Golf Warehouse ("TGW"), and the continuing growth of The Sportsman's Guide ("TSG").
They also continued to generate high levels of Internet-related sales, as they once again totaled nearly 60 percent of total catalog and Internet sales for the year."
Binkley also noted that the Company ended the year with just over $14 million in cash and cash equivalents on the balance sheet, no bank debt and no remaining debt associated with the acquisition of TGW.
The Sportsman's Guide is an Internet and catalog retailer offering value-priced outdoor gear and general merchandise, with a special emphasis on outdoor clothing, outdoor equipment, golf apparel and equipment and footwear.
The company sells through both Internet websites and catalogs.
In 2005 they saw consolidated net sales and net earnings grow 23 percent and 51 percent respectively over 2004.
These increases were due to the addition of and the strong performance of The Golf Warehouse ("TGW"), and the continuing growth of The Sportsman's Guide ("TSG").
They also continued to generate high levels of Internet-related sales, as they once again totaled nearly 60 percent of total catalog and Internet sales for the year."
Binkley also noted that the Company ended the year with just over $14 million in cash and cash equivalents on the balance sheet, no bank debt and no remaining debt associated with the acquisition of TGW.
The Sportsman's Guide is an Internet and catalog retailer offering value-priced outdoor gear and general merchandise, with a special emphasis on outdoor clothing, outdoor equipment, golf apparel and equipment and footwear.
The company sells through both Internet websites and catalogs.
Sportsman's Guide Inc
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