Key Developments For Golfsmith International Holdings, Inc.
Golfsmith International Holdings, Inc. (GOLF.O) (Consolidated Issue listed on NASDAQ Global Market)
Golfsmith International Holdings Inc. Teams Up With GolfTEC
Golfsmith International Holdings Inc. announced that it is teaming with GolfTEC, to give avid and aspiring golfers an opportunity to get new golf equipment and improve their games with $1 million worth of free lessons from GolfTEC.
Golfsmith International Holdings Inc. Comments On Q1 2009 Same-Store Sales Guidance
Golfsmith International Holdings Inc. announced that for first quarter of 2009, it expects same-store sales to decline in the mid to high teens.
Golfsmith International Holdings Inc. Announces Resignation of CFO
Golfsmith International Holdings Inc. that Virginia Bunte resigned as Senior Vice President and Chief Financial Officer(CFO) of Golfsmith International Holdings, Inc. and all of its subsidiaries (the Company), effective March 3, 2009, to pursue other interests. Ms. Bunte`s resignation is not due to any disagreement with the Company over any of its policies, practices or financial reporting.
Golfsmith International Holdings Inc. Reaffirms Q2, FY 2008 Outlook
Golfsmith International Holdings Inc. announced that for the second quarter of 2008, it continues to expect second quarter earnings to show meaningful improvement as compared to the same period last year. For fiscal 2008, it has reaffirmed its guidance and has continued to expect overall sales growth to be slightly positive with slightly negative comparable store sales and a decrease in direct sales and earnings growth will be driven by reduced operating expenses and marketing costs as well as lower pre-opening costs. According to Reuters Estimates, analysts were expecting the Company to report net profit of $7.19 million for the second quarter of 2008; net profit of $3.76 million on revenue of $394 million for fiscal 2008.
Golfsmith International Holdings Inc. Reiterates FY 2008 Outlook; Reiterates FY 2008 Comparable Store Sales Outlook
Golfsmith International Holdings Inc. announced that for fiscal 2008, it continues to expect overall sales growth to be slightly positive with slightly negative comparable store sales and a decrease in direct sales. Earnings growth will be driven by reduced operating expenses and marketing costs as well as lower pre-opening costs. The Company reported earnings per share (EPS) of $0.14 on revenue of $388.16 million in fiscal 2007. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.27 on revenue of $395 million for fiscal 2008.
