K2 Inc announced that it expects Adjusted diluted earnings per share for the full year to be in the range of $0.87 to $0.88, exceeding K2's previous guidance of $0.83 to $0.86.
On a preliminary basis, K2 expects 2007 Adjusted diluted earnings per share to exceed its 2006 revised/increased guidance.
While K2 anticipates softness in its winter sports business in 2007 due to the impact the warm winter and poor snow conditions have had on the current winter sports season, K2 expects to benefit from the diversity of its global sporting goods business and capitalize on the strength of its portfolio of leading brands.
Consistent with past practices, K2 anticipates providing fiscal year 2007 guidance in conjunction with its reporting of fourth quarter and fiscal year 2006 results in early March.
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