Collegiate Pacific stated that operating income for the Quarter ending March 31, 2004 is expected to “Materially exceed” previous estimates of $1 million.
Michael J. Blumenfeld, CEO of Collegiate Pacific stated: “We are seeing signs of strong operating leverage as we move into the second half of our fiscal year. This leverage is primarily the result of stronger than expected growth in our organic business units during Q3, and controlled expenses as it relates to the generation of these sales. The Company previously pre-announced Q3 sales are expected to beat the $9.8M estimates by more than 10%. We believe that operating income will show substantial leverage on these sales and materially exceed previous estimates.
“It is important to re-iterate that Q3 results will not include any contribution from the recently closed Kesslers Team Sports acquisition.”
