The Sportsman's Guide Affirms Increased Estimate; Management Expresses Comfort With Increased 2001 EPS Estimate

Apr 25, 2001, 01:00 ET from The Sportsman's Guide, Inc.

    SOUTH ST. PAUL, Minn., April 25 /PRNewswire/ --
     The Sportsman's Guide, Inc. (Nasdaq:   SGDE) today announced that the
 Company's management is comfortable with increased estimates for 2001 revenue
 and earnings per share.  Following the Company's April 19, 2001 release in
 which The Sportsman's Guide disclosed that it expected to beat estimates for
 the quarter ended March 31, 2001, BlueFire Research analyst Joanne Henry
 raised her revenue estimate for the year ended December 31, 2001 to
 $151.0 million, up from $142.5 million, and her earnings per share estimate
 for the year to $0.26, up from $0.21.
     Greg Binkley, President and CEO of the Company stated, "Given our strong
 first quarter and improved and improving operating results, we are comfortable
 with the higher 2001 revenue and EPS estimates.  In addition, we are pleased
 that the analyst has made note of our significant balance sheet improvement,
 reducing inventory to $19 million at quarter's end, compared with $34 million
 a year ago and bank borrowings to just under $2 million, down substantially
 compared with $17 million last year at March 31."
     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.  The Company's
 websites include http://www.sportsmansguide.com and
 http://www.bargainoutfitters.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.
 
     For more information, contact:  William P. Bartkowski of BlueFire
 Partners, 612-344-1012, for The Sportsman's Guide, Inc.
 
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SOURCE The Sportsman's Guide, Inc.
    SOUTH ST. PAUL, Minn., April 25 /PRNewswire/ --
     The Sportsman's Guide, Inc. (Nasdaq:   SGDE) today announced that the
 Company's management is comfortable with increased estimates for 2001 revenue
 and earnings per share.  Following the Company's April 19, 2001 release in
 which The Sportsman's Guide disclosed that it expected to beat estimates for
 the quarter ended March 31, 2001, BlueFire Research analyst Joanne Henry
 raised her revenue estimate for the year ended December 31, 2001 to
 $151.0 million, up from $142.5 million, and her earnings per share estimate
 for the year to $0.26, up from $0.21.
     Greg Binkley, President and CEO of the Company stated, "Given our strong
 first quarter and improved and improving operating results, we are comfortable
 with the higher 2001 revenue and EPS estimates.  In addition, we are pleased
 that the analyst has made note of our significant balance sheet improvement,
 reducing inventory to $19 million at quarter's end, compared with $34 million
 a year ago and bank borrowings to just under $2 million, down substantially
 compared with $17 million last year at March 31."
     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.  The Company's
 websites include http://www.sportsmansguide.com and
 http://www.bargainoutfitters.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.
 
     For more information, contact:  William P. Bartkowski of BlueFire
 Partners, 612-344-1012, for The Sportsman's Guide, Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X23753141
 
 SOURCE  The Sportsman's Guide, Inc.