The Sportsman's Guide Provides Second Quarter Guidance; Net Sales and EPS to Be Higher Than Estimates
July 19 2005 - 10:41AM
PR Newswire (US)
The Sportsman's Guide Provides Second Quarter Guidance; Net Sales
and EPS to Be Higher Than Estimates Strong Contribution From The
Golf Warehouse and Strong Sales Growth at The Sportsman's Guide
Fuel What's Expected to Lead to Record Q2 Results SOUTH ST. PAUL,
Minn., July 19 /PRNewswire-FirstCall/ -- The Sportsman's Guide,
Inc. (NASDAQ:SGDE) today reported that 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. 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 announce
the date and time of the conference call in the next week or so.
The Sportsman's Guide is an Internet and catalog retailer offering
value- priced outdoor gear and general merchandise, with a special
emphasis on outdoor clothing, outdoor equipment, golf apparel and
equipment and footwear. The Company sells through both Internet Web
sites and catalogs. The Company's Web sites include
http://www.sportsmansguide.com/ , http://www.tgw.com/ and
http://www.bargainoutfitters.com/ . This release contains forward
looking statements which are subject to change based on various
important factors, including but not limited to general economic
conditions, a changing market environment for the Company's
products and the market acceptance of the Company's catalogs,
Internet sites and offerings. Contact: William P. Bartkowski
MeritViewPartners 612.605.8616 DATASOURCE: The Sportsman's Guide,
Inc. CONTACT: William P. Bartkowski, of MeritViewPartners for The
Sportsman's Guide, Inc., +1-612-605-8616 Web site:
http://www.sportsmansguide.com/ http://www.tgw.com/
http://www.bargainoutfitters.com/
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