The Sportsman's Guide, Inc. reported that net sales and fully diluted earnings per share for the second quarter will be higher than current average estimates and well above the levels reported one year ago. Net sales for the quarter ended June 30, 2005 are now expected to be in range of $63 million to $64 million, compared with net sales of $39.6 million for the same period one year ago and current average estimates of $56.0 million. Fully diluted earnings per share are now expected to be in a range from 28 cents to 30 cents per share, compared to earnings per share of 16 cents for the same period one year ago and current average estimates of 20 cents per share. The earnings per share numbers for 2004 have been restated to reflect the company's recently announced change in accounting policy for Buyer's Club revenues and adjusted to reflect the 3-for-2 stock split, distributed April 15, 2005.
Gregory R. Binkley, president and chief executive officer of the company, stated, “Our anticipated record second quarter results are due to the strong performance and significant contribution from our golf business at TGW and increasing Internet-related sales at TSG.”
