The Sportsman's Guide Announces That TGW Acquisition and Growth in Base Business Expected to Contribute to Record Quarterly Resu
20 Outubro 2004 - 7:00PM
PR Newswire (US)
The Sportsman's Guide Announces That TGW Acquisition and Growth in
Base Business Expected to Contribute to Record Quarterly Results
Consolidated Net Earnings Expected to Grow 50% Over Last Year's
Third Quarter; Sales Expected to Increase in Excess of 30%; Company
Sets Conference Call to Discuss Results of the Quarter on November
3, 2004 SOUTH ST. PAUL, Minn., Oct. 20 /PRNewswire-FirstCall/ --
The Sportsman's Guide, Inc. (NASDAQ:SGDE) today announced that
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,
http://www.tgw.com/ , on June 29, 2004, 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. The Company expects to release the detailed results of the
quarter on Tuesday, November 2, 2004, after the close of the
markets. Company management stated that they would hold a
conference call on Wednesday, November 3, 2004 to discuss the
results of the three months ended September 30, 2004. Gregory R.
Binkley, President and Chief Executive Officer, and Charles B.
Lingen, Executive Vice President and Chief Financial Officer, will
be present on the call to provide commentary and to take questions.
The call will be begin at 10:30 a.m., CST. Participants may access
the call by dialing 1-800-209-8032. The call may also be accessed
via the Internet at http://www.sportsmansguideir.com/ . 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."
The Sportsman's Guide offers value-priced outdoor gear and general
merchandise, with a special emphasis on outdoor clothing, equipment
and footwear, through direct mail catalogs and two Internet sites.
On June 29, 2004 the Company acquired The Golf Warehouse, TGW.com,
the Wichita, Kansas-based leading online and catalog retailer of
golf equipment, apparel and accessories. The Company's e-commerce
websites include http://www.sportsmansguide.com/ ,
http://www.bargainoutfitters.com/ and http://www.tgw.com/ .
Investor information is available on the Company's investor
relations website: http://www.sportsmansguideir.com/ . This release
contains forward-looking statements which are subject to change
based on various important factors, including but not limited to
general economic conditions, a changing market environment for the
Company's products and the market acceptance of the Company's
catalogs, Internet sites and offerings. CONTACT: William P.
Bartkowski 612-344-1012 DATASOURCE: The Sportsman's Guide, Inc.
CONTACT: William P. Bartkowski of The Sportsman's Guide, Inc.,
+1-612-344-1012 Web Site: http://www.sportsmansguideir.com/
http://www.sportsmansguide.com/ http://www.bargainoutfitters.com/
http://www.tgw.com/
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