Key Developments For Sport Supply Group, Inc.
Sport Supply Group, Inc. (RBI.O) (Consolidated Issue listed on NASDAQ Global Market)
Sport Supply Group, Inc. Raises FY 2010 EPS Guidance; Issues FY 2010 Revenue Guidance Above Analysts' Estimates
Sport Supply Group, Inc. raised its fiscal 2010 earnings per share (EPS) guidance to a range of $0.91-$1.00 and estimated sales growth of approximately $13-$20 million to a range of $263-$270 Million, up from $250.2 million in fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.93 on revenue of $257 million for fiscal 2010.
Sport Supply Group, Inc. in Exclusive Alliance with Prepsportswear.com
Sport Supply Group, Inc. announced that it has entered into an exclusive relationship with Prepsportswear.com, the online marketplace for creating, designing and buying personalized sportswear products, customized high school clothing and team sportswear for all sports. Under terms of the agreement, Sport Supply Group and Prepsportswear.com will co-brand websites that offer the Company's customer database the ability to customize t-shirts, sweatshirts, hoodies, jackets, jerseys, caps, bags and 1,200 other items with their team`s logo, school colors and mascots. The Company will market the co-branded sites through its 3.0 million catalogs, 200+ road sales professionals, 40 direct telesales professionals and its B2B and B2C web sites. Additionally, the Company will vend its extensive line of equipment products to the Prepsportswear.com customer base.
Sport Supply Group, Inc. Declares Quarterly Cash Dividend
Sport Supply Group, Inc. announced that its Board of Directors approved and declared a quarterly cash dividend of $0.025 per share on the Company's common stock for the first quarter of 2010, which ends September 30, 2009. The quarterly cash dividend is payable on October 30, 2009, to all stockholders of record on the close of business on October 12, 2009.
Sport Supply Group, Inc. Awarded U.S. Communities Contract For Athletics and Physical Education
Sport Supply Group, Inc. announced it has been awarded the U.S. Communities Contract to act as the exclusive supplier of sporting goods, physical education equipment and uniforms for the program for the period October 1, 2009 to September 30, 2014. The agreement also includes a provision for two potential extension years.
Sport Supply Group, Inc. Issues FY 2010 Revenue Guidance Above Analysts' Estimates; Reiterates FY 2010 EPS Guidance
Sport Supply Group, Inc. announced that for fiscal year ahead, it see mid single digit top line growth returning in fiscal 2010 and have recently guided to annual EPS of $0.89-$0.97 per diluted outstanding share. The Company reported revenues of $250.23 million in fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.91 on revenues of $248.59 million for the same period.
