For the fourth quarter in a row, The Sportsman's Guide, Inc. has raised its guidance from previous estimates. Net sales for the quarter ended September 30 are now expected to be in the range of $61 million to $62 million, compared with net sales of $57.0 million last year and street estimates of $61 million. Fully diluted earnings per share are now expected in the 23 cents to 25 cents per share range, compared to EPS of 17 cents per share in Q3 last year and current average estimates of 21 cents per share.
Company president and CEO Greg Binkley cited “increasing Internet-related sales” and the “strong performance and significant contribution from our golf business at The Golf Warehouse” as the reasons for SGDE beating estimates.
