Sportsmans Guide (NASDAQ:SGDE)
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The Sportsman's Guide Provides First Quarter Guidance; Net Sales
and EPS to Be Higher Than Estimates
Consolidated Internet-Related Sales Now Over 50%, Strong Contribution From The
Golf Warehouse
SOUTH ST. PAUL, Minn., April 25 /PRNewswire-FirstCall/ -- The Sportsman's
Guide, Inc. (NASDAQ:SGDE) today reported that net sales and fully diluted
earnings per share would be higher than current average estimates and well
above the levels reported one year ago. Net sales for the quarter ended March
31, 2005 are now expected to be in range of $63 to $64 million, compared with
net sales of $44.6 million for the same period one year ago and current average
estimates of $57.7 million. Fully diluted earnings per share are now expected
to be in a range from $0.24 to $0.26 per share, compared to earnings per share
of $0.15 for the same period one year ago and current average estimates of
$0.18 per share. The earnings per share numbers have been adjusted to reflect
the Company's recent 3-for-2 stock split, distributed April 15, 2005. (On a
pre-split basis, current EPS expectations are $0.36 to $0.39, compared to $0.22
a year ago, with a current average estimate of $0.27 per share.) The results
of the most recent quarter include those of The Golf Warehouse ("TGW") acquired
June 29, 2004.
Gregory R. Binkley, President and Chief Executive Officer of the Company,
stated, "We enjoyed a very strong first quarter due in large part to our
growing Internet business. Our Internet-related sales as a percentage of total
catalog and Internet sales are now in excess of 50% on a consolidated basis. In
addition, we saw a significant contribution from our golf business at TGW."
The Company also noted that it would be releasing the full results of the
quarter and holding a conference call the week of May 2, 2005. It expects to
announce the date and time of the conference call later this week.
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
CONTACT: William P. Bartkowski of MeritViewPartners, +1-612-605-8616
Web site: http://www.sportsmansguide.com/
http://www.tgw.com/
http://www.bargainoutfitters.com/