In contrast, analysts' estimates of the company's loss per share as reported by First Call reduce the loss by the amount of a pro forma tax benefit.
If a tax benefit were recorded at a 40 percent rate, the net loss per share for the first quarter of 2006 would be $0.97 compared to a net loss of $0.74 per share for the 2005 quarter.
In the first quarter of fiscal 2006, Gander Mountain opened a new store in Tyler, and relocated one smaller store to a large-format store in Blaine, bringing the total store count to 99 at the end of the quarter. The company anticipates opening a total of eight new stores in 2006, including one relocation.
Conference Call Information
A conference call to discuss these results will be held today at 8:00 a.m. Central Time. The conference call will be webcast from http://www.GanderMountain.com. To register for the event, please go to the website at least fifteen minutes early to register, download and install any necessary audio software.
For those who cannot listen to the live broadcast, an archived webcast will be available shortly after the conclusion of the call, and remain available on http://www.GanderMountain.com for approximately 90 days.
Gander Mountain Company, headquartered in Saint Paul, Minnesota, is the nation's largest retail network of stores for hunting, fishing, camping, marine and outdoor lifestyle products and services. Since 1960, the Gander Mountain brand has offered an expanding assortment of competitively priced outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, ATV and marine services.
The stores feature national, regional and local brands as well as the company's owned brand. Focused on a "We Live Outdoors" culture, Gander Mountain dedicates itself to creating outdoor memories. There are currently 99 conveniently located Gander Mountain outdoor lifestyle stores in 18 states.
marketing@alchempro.com
