The Sportsman's Guide's consolidated net earnings per share for the third quarter of 2004 are expected to be in the range of $0.19 to $0.20, on sales of approximately $56 million. Last year the Company reported net earnings per share of $0.13, on sales of just over $41.0 million.
The expected significant increase in sales and earnings resulted from the Company's acquisition of The Golf Warehouse as well as growth in the Company's base business. Sales at The Sportsman's Guide, on a stand-alone basis, are expected to show 8% growth over last year's total.
Gregory R. Binkley, the Company's President and CEO, commented, “Internet-related sales at The Sportsman's Guide were in excess of 41%, compared to 36% one year ago. In addition to the strong anticipated growth and performance of our base business, we are also pleased with the performance of The Golf Warehouse and its contribution this first full quarter following the acquisition.”
