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Sportsman's Guide announces earnings guidance
25 Jan '06
3 min read
In 2004 consolidated net sales for the quarter totaled $91 million and fully diluted earnings per share were $0.46. Adjusting for last year's extra week of operations, fourth quarter 2005 net sales were approximately 9% higher.
Gregory R Binkley, President and Chief Executive Officer of the Company, stated, "They had a very strong year and expect their final results to be significantly above last year's.
The results are due to the continued growth of TSG and the strong performance of TGW.
Consolidated Internet-related sales were well over 50% of total catalog and Internet sales.
As a result of the strong fourth quarter, they should end the year with approximately $13 million of cash and no bank debt."
The Company expects to announce the final results for the year at the end of February or in early March, following the completion of the annual audit.
It will also hold a conference call at that time.
The date of the announcement and conference call will be released in mid February.
The Sportsman's Guide offers value-priced outdoor gear and general merchandise, with a special emphasis on outdoor clothing, equipment and footwear, through direct mail catalogs and two Internet sites.
On June 29, 2004 the Company acquired The Golf Warehouse, TGW.com, the Wichita, Kansas-based leading online and catalog retailer of golf equipment, apparel and accessories.
Gregory R Binkley, President and Chief Executive Officer of the Company, stated, "They had a very strong year and expect their final results to be significantly above last year's.
The results are due to the continued growth of TSG and the strong performance of TGW.
Consolidated Internet-related sales were well over 50% of total catalog and Internet sales.
As a result of the strong fourth quarter, they should end the year with approximately $13 million of cash and no bank debt."
The Company expects to announce the final results for the year at the end of February or in early March, following the completion of the annual audit.
It will also hold a conference call at that time.
The date of the announcement and conference call will be released in mid February.
The Sportsman's Guide offers value-priced outdoor gear and general merchandise, with a special emphasis on outdoor clothing, equipment and footwear, through direct mail catalogs and two Internet sites.
On June 29, 2004 the Company acquired The Golf Warehouse, TGW.com, the Wichita, Kansas-based leading online and catalog retailer of golf equipment, apparel and accessories.
Sportsman's Guide Inc
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