Sportsman's Guide Sales to Beat Estimates for Quarter
Sales for the quarter are expected to be $60 million to $62 million, higher than the current analyst estimate of nearly $57 million as well as the $59 million reported for the same quarter last year.
Management noted that earnings per share for the quarter also are expected to exceed current estimates, but would not specify a range.
"There is no question that we are experiencing one of the strongest quarters in our history," said Gregory R. Binkley, president/CEO for the South St. Paul, MN, company. "Sales are now expected to come in above the high end of our plan and, as a result, we anticipate ending the year without bank borrowings and with well over $5 million of cash on the balance sheet."
Internet-related sales are expected to be "well over" 20 percent of total fourth-quarter sales. Internet-related sales amounted to nearly 30 percent of total sales recorded during the week before Christmas.