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THE SPORTSMAN'S GUIDE ANNOUNCES RESULTS

 EAGAN, Minn., Nov. 17 /PRNewswire/ -- The Sportsman's Guide, Inc. is a retail mail order catalog company featuring merchandise for the hunter, fisherman and outdoorsman. The company's Fall/Winter catalog has been distributed throughout the United States and Canada since 1977.
 THE SPORTSMAN'S GUIDE, INC.
 STATEMENT OF OPERATIONS
 (UNAUDITED)
 13 Weeks Ended 39 Weeks Ended
 10/1/93 10/2/92 10/1/93 10/2/92
 Sales $17,570,439 $13,373,857 $38,508,188 $21,287,235
 Cost of sales 12,336,650 9,900,418 27,765,302 15,288,409
 Gross profit 5,233,789 3,473,439 10,742,886 5,998,826
 Selling, general and
 administrative
 expenses 5,787,489 3,594,162 12,745,863 6,463,750
 Loss from operations (553,700) (120,723) (2,002,977) (464,924)
 Interest expense (154,171) (31,601) (293,943) (90,639)
 Misc. income 15,274 1,231 46,801 23,707
 Net loss $(692,597) $(151,093)$(2,250,119) $(531,856)
 Net loss per share $(0.030) $(0.006) $(0.096) $(0.023)
 Weighted average number
 of shares
 outstanding 23,333,333 23,333,333 23,333,333 23,333,333
 The Sportsman's Guide announced that its reported net earnings and results from operations were adversely affected as a result of computer system problems experienced during the 13-week period ended Oct. 1, 1993. At this time, the company is unable to estimate any material ongoing effects on future periods.
 -0- 11/17/93
 /CONTACT: Leonard Paletz of The Sportsman's Guide, 612-686-9000/


CO: The Sportsman's Guide, Inc. ST: Minnesota IN: REA SU: ERN

DB-xx -- MN002 -- 5517 11/17/93 12:58 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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