5 million in net sales and
earnings of $0. The date of the
announcement and conference call will
be released in mid February. (Nasdaq: SGDE) today reported that net sales and fully diluted
earnings
per share would be higher than current average estimates and well
above the levels reported one year
ago.26 per share, compared to earnings
per share of $0.39, compared to $0.22 a year ago, with a current
average estimate of $0.com and
http://www.
machan intermarket
(Logo: http://www.36 to
$0.owen grips
Spalding was acquired
by Russell Corporation in May 2003.com.
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.depot shoes
newscom. For the year,
the Company expects consolidated net sales of approximately
$285 million
and diluted earnings per share in the range of $1. The Company also noted that 2004
results included fifty-three weeks of operations, fourteen weeks in the
fourth quarter, compared
to the normal fifty-two weeks, thirteen weeks in
the fourth quarter, in 2005. Consolidated
Internet
-related sales were well over 50% of total catalog and Internet
sales. Fully diluted earnings per
share are now
expected to be in a range from $0.
In addition, we saw a significant contribution
from our golf business at TGW.kingswood footwear
38. In earlier releases the Company disclosed
that the extra week
in 2004 accounted for approximately $4 million of
incremental consolidated net sales. Adjusting
for last year's extra week of operations,
fourth quarter 2005 net sales were approximately 9% higher
.com, the Wichita,
Kansas-based leading online and catalog retailer of golf equipment, apparel
and
accessories.saranac gloves
The Sportsman's Guide is an Internet and catalog retailer offering value-
priced
outdoor gear and general merchandise, with a special emphasis on
outdoor clothing, outdoor equipment
, golf apparel and equipment and footwear.8616
lonestar grips
The Company's major
brands include Russell
Athletic(R), JERZEES(R), Spalding(R), Brooks(R), Huffy
Sports(R), Bike(R), Moving Comfort(R), AAI
(R) and Mossy Oak(R). Binkley, President and Chief Executive Officer of the Company,
stated, "We had
a very strong year and expect our final results to be
significantly above last year's., The Sportsman
's
Guide, Inc. Bartkowski
MeritViewPartners
612.depot owen
saranac racket
, to
focus on the Spalding brand. The consensus average estimate for
2005 was for net sales of $285 million
and for earnings of $1.The Sportsman's Guide Provides First Quarter Guidance; Net Sales and EPS to Be
Higher Than Estimates
wallsports racquets
"
Founded in 1986, Kangwei is a privately held company located in Guangzhou
and was one of the first companies specializing in sporting goods products in
China.
In
terms of the fourth quarter of 2005, the Company also expects record
results, with consolidated net
sales of approximately $95 million and fully
diluted earnings per share of $0.bargainoutfitters.shoes footwear
In 19 years, it has become one of the largest Chinese sports brands
with more than 1,000 self-owned
or franchised retailing outlets under the
Kangwei brand. The diluted earnings per share numbers
for 2004 have been
restated to reflect the Company's change in accounting policy for Buyer's
Club
revenues announced in June and adjusted to reflect the 3-for-2 stock
split, distributed April 15
, 2005. It will also hold a conference call at that time.15 for the same period one year ago and current
average
estimates of $0. The earnings per share numbers have been
adjusted to reflect the Company
's recent 3-for-2 stock split, distributed
April 15, 2005.racquet racquetball
com . Spalding
and Russell's other business
units, American Athletic (AAI) and Huffy Sports
brands, collectively combined, are now part of the
largest basketball
equipment provider in the country.54. As a result of the strong fourth quarter
, we should end the year
with approximately $13 million of cash and no bank debt.24 to $0. The Company
's
Web sites include http://www.tgw.
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.encyclopedic gloves
The agreement covers athletic apparel,
footwear and accessories. "Additionally, they have been successful with
their Kangwei branded sports
products and certainly have a tremendous
understanding of the market in China. AAI is the leading
seller of gymnastics
equipment in the country as well as institutional basketball backboards, and
Huffy Sports, is a leader in basketball backboard systems. (NASDAQ: SGDE) today announced that it
expects to report record results for the year
ended December 31, 2005 that, with respect to fully
diluted earnings per
share, will exceed the current average consensus estimate.7 million.
CONTACT: William P.lonestar intermarket
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. Net sales for the quarter ended March
31, 2005 are now expected
to be in range of $63 to $64 million, compared with
net sales of $44.lonestar kingswood
com/cgi-bin/prnh/20030630/RMLCORPLOGO
)
Kangwei has established a separate subsidiary, Guangzhou Ganwei Sports
Goods Co.PRESS RELEASE
The Sportsman's Guide Expects 2005 Net Sales and EPS to Set Records; Net Sales Expected to Be Up Over
20% and EPS Over 40%
This would
compare with total year 2004 results of $232.46.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.605.lonestar grips
Ganwei will
launch Spalding
apparel and footwear in June 2005.37 to $1. In 2004 consolidated net
sales for
the quarter totaled $91 million and fully diluted earnings per
share were $0.TGW.SportsmansGuideIR
.Consolidated Internet-Related Sales Now Over 50%, Strong Contribution From The
Golf Warehouse
SOUTH ST.) The results of the most recent quarter include those
of The Golf
Warehouse ("TGW") acquired June 29, 2004.grips encyclopedic
ATLANTA, Russell Corporation (NYSE: RML
)
announced today that its Spalding division has signed a strategic alliance
agreement with Kangwei
to design, manufacture and sell Spalding products in
China.russellcorp. Our Internet-related sales
as a percentage of total
catalog and Internet sales are now in excess of 50% on a consolidated basis
.accurate shoes
racquets warehouse
About Spalding
Springfield, MA-based Spalding is a leading producer and marketer
of
basketballs, footballs, volleyballs and soccer balls under the Spalding brand
name and softballs
under the Dudley brand. Spalding is the official
basketball supplier of the national Basketball
Association (NBA) and the
Women's National Basketball Association (WNBA), the official volleyball
of the
National Collegiate Athletic Association (NCAA) and American Volleyball
Association (AVA
), the official soccer ball of the Major Indoor Soccer League
(MISL) and the official football of
the American Football League (AFL) and Pop
Warner.36 per
diluted share.
Gregory R. On
June 29,
2004 the Company acquired The Golf Warehouse, TGW.27
per share.resurfacing grips
The Company's
common
stock is listed on the New York Stock Exchange under the symbol RML and
its web site address is http:
//www.
6 million for the same period one year ago and current
average estimates of $57
."
The Company also noted that it would be releasing the full results of the
quarter and holding
a conference call the week of May 2, 2005.
The Company sells through both Internet Web sites and
catalogs.com .shoes wallsports
"
The Company expects to announce the final results for the year at the end
of
February or in early March, following the completion of the annual
audit.
Investor information
is available on the Company's investor relations
website: www. PAUL, Minn.lonestar intermarket
Russell Announces Spalding
Agreement Including Products Retail Stores in China
, Ltd. Additional plans call for Ganwei to
open
as many as 600 self-owned or franchised retail stores selling Spalding
apparel, footwear
and equipment by the end of 2006.53 to $0. The Company's e-commerce websites include
www. (On a
pre-split basis, current EPS expectations are $0.grips encyclopedic
This category is designed to help racquetball enthusiasts
find racquetball retail websites.
intermarket footwear
The Sportsman's Guide, Inc. The results are due to the continued
growth of TSG and the strong performance of TGW.18 per share.intermarket encyclopedic
"Kangwei's experience with launching
athletic brands and managing the
business will be extremely beneficial as we continue to take advantage
of the
growing global popularity of the Spalding brand," said Scott Creelman,
president and CEO
of Spalding.
About Russell Corporation
Russell Corporation is a leading branded athletic
and sporting goods
company marketing athletic apparel, uniforms, footwear and equipment for a
wide
variety of sports, outdoor and fitness activities.95 per diluted share. It expects to
announce the
date and time of the conference call later this week.kingswood depot
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