Sporting goods retailer Dick's reports for Q1 2005 – Loss on merger costs
18 May '05
6 min read
Second Quarter 2005
- Based on an estimated 54 million shares outstanding, the Company anticipates reporting EPS for the second quarter of $0.43 - $0.45 per share, excluding after-tax merger integration and store closing costs of approximately $3.3 million, or $0.37 - $0.39 per share, including merger integration and store closing costs. This compares to second quarter 2004 GAAP EPS of $0.34, which includes only the results of Dick's Sporting Goods and not Galyan's. Proforma, combined Company EPS for the second quarter of 2004 was $0.21.
- Comparable store sales are expected to increase approximately 1-2%.
- The Company expects to open four new stores in the second quarter, and close the last store as a result of the conversion.
Pittsburgh-based Dick's Sporting Goods, Inc. is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. As of April 30, 2005 the Company operated 236 stores in 34 states primarily throughout the Eastern half of the U.S. For further information : http://www.dickssportinggoods.com
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