The Sportsman's Guide net sales and fully diluted EPS will be higher than current average estimates and well above the levels reported one year ago. Net sales for the quarter are now expected to be in range of $63 to $64 million, compared with net sales of $44.6 million one year ago and current average estimates of $57.7 million. Fully diluted EPS are now expected to be in a range from 24 to 26 cents per share, compared to 15 cents one year ago and current average estimates of 18 cents.

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.”