USA: CSK Auto Corporation Comments on Expectations for its Fiscal Second Quarter and Full-Year 2000
CSK Auto Corporation announced today that it anticipates its earnings per diluted common share for the fiscal year ending February 4, 2001 ("fiscal 2000") will be approximately 20 percent above those of fiscal 1999, but below current analyst estimates. Specifically, CSK Auto expects to report earnings for the second quarter ending July 30, 2000 that will be approximately $0.09 to $0.13 below the current consensus of analysts' estimates of $0.61 per diluted common share (which excludes anticipated one-time charges related to acquisitions and store conversions), as compiled by First Call/Thompson Financial. Furthermore, the Company anticipates full-year 2000 earnings will be approximately $2.05 per diluted common share (excluding one-time charges), as compared to $1.69 per diluted common share in fiscal 1999.
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