Outdoor retailer Gander Mountain Company has announced that it no longer expects to meet its previously disclosed guidance for revenue of at least $850 million, flat comparable store sales and pre-tax income of at least $16 million for the fiscal year 2005. The company stated that uncertainty about the economy - including the impact of higher energy prices - and the persistently warm weather across much of the country are contributing to weaker in sales. It now expects that comparable store sales in the third quarter will decline nine to 10 per cent versus the third quarter of fiscal 2004.

"Sales and gross margin in the third quarter have been disappointing," said Mark Baker, president and CEO. "However, we still have our most important selling period ahead of us with the peak hunting seasons and the holiday season, and we have taken steps to maximise current opportunities in response to the softer sales environment."

Gander Mountain offers outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, ATV and marine services.