News

Did you hear?… Galyan's Trading Co. expects to meet its earnings-per-share estimates for its fourth quarter

Galyan's Trading Co. expects to meet its earnings-per-share estimates for its fourth quarter that will end Feb. 2, despite a decline of 4-5 percent in comparable store sales.


Galyan’s Trading Co. expects to meet its earnings-per-share estimates for its fourth quarter that will end Feb. 2, despite a decline of 4-5 percent in comparable store sales, as compared with a 9.6 percent increase in comparable store sales in the same period last year. For the fiscal year 2001, the Company expects to meet fully diluted pro forma EPS consensus estimates of $0.86, as compared with $0.70 pro forma EPS last year, which would result in a 23 percent pro forma earnings increase for the year. The pro forma adjustments impacted the first and second quarters of 2001 and assumed the Company’s June IPO occurred at the beginning of the year, rather than in June.