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 Breaking Headlines

Analyst Sees Golf Galaxy As 200-Store Chain

SEPTEMBER 15, 2005 -- William Blair & Co. initiated research coverage of Golf Galaxy with a market perform rating and company profile of aggressive growth. Analyst Bob Simonson estimated that the company would earn 45¢ per share in '06 and 70¢ per share in '07.

"We believe Golf Galaxy has significant opportunities to expand its current base of 45 stores to more than 200 over the long term," Simonson said. "Projected same-store sales growth of 5% would produce top-line growth of 25% annually, and expected operating margin expansion would lift earnings growth to 30% annually."


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Categories
Sporting goods industry
Golf

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Golf Galaxy
William Blair & Co.

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Golf Galaxy
research coverage
aggressive growth
top-line growth
same-store sales

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Bob Simonson





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