Collegiate Pacific now sees consolidated net sales for its first quarter ended Sept 30, 2004 exceeding $27 million vs. $5.9 million in the year ago period, and vs. consensus estimates of $22.5 million.
Michael Blumenfeld, CEO, stated, “The combination of solid organic growth coupled with recent acquisitions created an outstanding quarter. The company's newly acquired 120 man sales force produced impressive first quarter results. While we have not completed the financial reporting for the quarter, we expect net sales and earnings per share for the quarter will exceed analyst consensus expectations of $22.5M and $.13 respectively.”
The Company expects to report its first quarter earnings during the first part of November. More definitive information regarding an earnings release date and the Company's Q1 earnings conference call will be forthcoming.