Inadvertent Disclosure Made By Galyan's Trading Co.
SOURCE: Business Wire
PLAINFIELD, IN - Galyan's Trading Co., Inc. (Nasdaq: GLYN) has announced that on the afternoon of Thursday, July 26 an inadvertent disclosure was made by the company to a Wall Street analyst that the company's comparable store sales for the second
quarter ending August 4, 2001 would be lower than estimates.
The company currently expects that comparable store sales for second quarter 2001 will be between approximately 1.0 percent and 2.0 percent.
The company, however, expects to meet analysts' expectations for its pro forma earnings per share of $0.17 for the quarter ending August 4, 2001. The company's confidence in its earnings outlook for the second quarter is due to stronger than expected gross margins and the company's disciplined cost management.
Galyan's is a specialty retailer that offers a broad range of products that appeal to consumers with active lifestyles, from the casual consumer to the serious sports enthusiast. Galyan's operates 23 stores in 12 states and offers outdoor and athletic equipment, apparel, footwear and accessories, as well as casual apparel and footwear.
PLAINFIELD, IN - Galyan's Trading Co., Inc. (Nasdaq: GLYN) has announced that on the afternoon of Thursday, July 26 an inadvertent disclosure was made by the company to a Wall Street analyst that the company's comparable store sales for the second
The company currently expects that comparable store sales for second quarter 2001 will be between approximately 1.0 percent and 2.0 percent.
The company, however, expects to meet analysts' expectations for its pro forma earnings per share of $0.17 for the quarter ending August 4, 2001. The company's confidence in its earnings outlook for the second quarter is due to stronger than expected gross margins and the company's disciplined cost management.
Galyan's is a specialty retailer that offers a broad range of products that appeal to consumers with active lifestyles, from the casual consumer to the serious sports enthusiast. Galyan's operates 23 stores in 12 states and offers outdoor and athletic equipment, apparel, footwear and accessories, as well as casual apparel and footwear.
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