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Sportsman's Guide offers Q3 guidance & EPS registers record sales
20 Oct '05
2 min read
Leading value priced outdoor gear and general merchandise marketer The Sportsman's Guide Inc reported that net sales and fully diluted earnings per share for the third quarter will be higher than current average estimates and well above the levels reported one year ago.
Net sales for the quarter ended September 30, 2005 are now expected to be in range of $61 to $62 million, compared with net sales of $57.0 million for the same period one year ago and current average estimates of $61 million. Fully diluted earnings per share are now expected to be in a range from $0.23 to $0.25 per share, compared to earnings per share of $0.17 for the same period one year ago and current average estimates of $0.21 per share.
Gregory R. Binkley, President and Chief Executive Officer of the Company, stated, "They expected record third quarter results are due to increasing Internet-related sales and the strong performance and significant contribution from their golf business at TGW."
Binkley also noted that the recently completed quarter is the first where the results are comparable with those of the previous year given that the 2004 third quarter also included the results of The Golf Warehouse, acquired June 29, 2004.
The Company also noted that it would be releasing the full results of the quarter and holding a conference call the week of October 31, 2005. It expects to announce the date and time of the conference call early next week.
The Sportsman's Guide also provides manufacturers' closeouts of name brand shoes, boots, apparel and general merchandise, as well as government surplus from around the world and private-label products through the Company's direct import programs.
Net sales for the quarter ended September 30, 2005 are now expected to be in range of $61 to $62 million, compared with net sales of $57.0 million for the same period one year ago and current average estimates of $61 million. Fully diluted earnings per share are now expected to be in a range from $0.23 to $0.25 per share, compared to earnings per share of $0.17 for the same period one year ago and current average estimates of $0.21 per share.
Gregory R. Binkley, President and Chief Executive Officer of the Company, stated, "They expected record third quarter results are due to increasing Internet-related sales and the strong performance and significant contribution from their golf business at TGW."
Binkley also noted that the recently completed quarter is the first where the results are comparable with those of the previous year given that the 2004 third quarter also included the results of The Golf Warehouse, acquired June 29, 2004.
The Company also noted that it would be releasing the full results of the quarter and holding a conference call the week of October 31, 2005. It expects to announce the date and time of the conference call early next week.
The Sportsman's Guide also provides manufacturers' closeouts of name brand shoes, boots, apparel and general merchandise, as well as government surplus from around the world and private-label products through the Company's direct import programs.
Sportsman's Guide Inc
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