The Company is comfortable with the current analyst consensus estimate of $1.07 per diluted share.
The Company expects to open two new stores, relocate one store, and close two stores during the quarter.
For fiscal year 2005, the Company is forecasting comparable store sales to increase approximately 1 percent and diluted EPS of $2.03, based on an estimated 26.7 million diluted shares outstanding.
The Company expects to open thirteen new stores, relocate four stores and close eight stores during the year.
US second largest sporting goods retailer Sports Authority is the nation's largest full-line sporting goods retailer.
It is operating under The Sports Authority, Gart Sports, Sportmart and Oshman's names, has three stores in New Orleans, all of which have been closed, and more than 60 employees.
The company is in the process of attempting to contact these employees to confirm their whereabouts and their safety.