US based boots & sports goods retailer The Sportsman's Guide Inc reported the net sales and fully diluted earnings per share for the second quarter will be higher than current average estimates and well above the levels reported one year ago.
The Sportsman's Guide provides second quarter guidance; net sales and EPS to be Higher than estimates.
Net sales for the quarter ended June 30, 2005 are now expected to be in range of $63 to $64 million, compared with net sales of $39.6 million for the same period one year ago and current average estimates of $56.0 million.
Fully diluted earnings per share are now expected to be in a range from $0.28 to $0.30 per share, compared to earnings per share of $0.16 for the same period one year ago and current average estimates of $0.20 per share.
The earnings per share numbers for 2004 have been restated to reflect the Company's recently announced change in accounting policy for Buyer's Club revenues and adjusted to reflect the 3-for-2 stock split, distributed April 15, 2005.
Gregory R. Binkley, President and Chief Executive Officer of the Company, stated, "Our anticipated record second quarter results are due to the strong performance and significant contribution from our golf business at TGW and increasing Internet-related sales at TSG."
The Company also noted that it would be releasing the full results of the quarter and holding a conference call in mid-August. It expects to announcethe date and time of the conference call in the next week or so.
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