Following its acquisition of The GolfWorks, Golf Galaxy, Inc. reviewed and adjusted its guidance for fiscal year ending March 3, 2007. The company expects net sales to be in the range of $305 million to $315 million with a comparable store sales increase of 6% to 8% over the prior year. Net income is currently expected to be $7.5 million to $8.1 million, pending the final purchase price allocation of The GolfWorks acquisition. Assuming 11.6 million weighted average shares outstanding, diluted earnings per share are expected to be 65 cents to 70 cents for the year.
