ST. PETERSBURG, Fla., Oct. 1 /PRNewswire-FirstCall/ -- Catalina Marketing
Corporation (NYSE: POS) today updated its quarterly revenue and earnings
outlook for the second quarter ending September 30, 2002 and the fiscal year
ending March 31, 2003. This replaces previous guidance given in the company's
press release and conference call on July 18, 2002. Revised estimates for the
quarter ending September 30, 2002 are for consolidated revenues to increase
between 6 and 8 percent compared to the second quarter of last fiscal year.
Based on those revenues, the company estimates that second quarter earnings
will be in the range of $0.22 to $0.23 per diluted share, prior to a non-cash
charge related to the write-down of certain cost based investments, in the
aggregate amount of $2.5 million, or approximately $0.04 per diluted share.
The company also updated its revenue and earnings outlook for the
remainder of the current fiscal year. Revised estimates for the fiscal year
ending March 31, 2003 is for consolidated revenue to grow between 10 and 13
percent over the prior year with earnings in the range of $1.12 to $1.17 per
diluted share, excluding the $2.5 million charge. For the quarter ending
December 31, 2003, consolidated revenue is expected to increase between 8 and
12 percent over the prior year comparable period with earnings per share
between $0.30 and $0.32. For the quarter ending March 31, 2003, consolidated
revenue is expected to increase between 10 and 15 percent over the prior year
comparable period with earnings per share in the range of $0.41 and $0.43.
Daniel D. Granger, President and Chief Executive Officer, commented, "Our
revised revenue and earnings estimates for the second quarter and the fiscal
year reflect primarily the current market conditions affecting Health
Resource. We have experienced a decrease in the amount of promotional
spending by our pharmaceutical clients, and retail pharmacies have become more
selective in their program participation. While we expect this situation to
improve, our current outlook is for reduced promotional activity to continue
for the remainder of the current fiscal year. While these near term
reductions to expectations are disappointing, we remain confident in the long
term prospects of Health Resource."
* Conference Call -- The Company will host a conference call Tuesday,
October 1, 2002 at 5:00 PM EDT to discuss the company's updated
outlook. The dial-in number is (800) 863-4938 and the International
Dial number is (706) 645-0372. Rebroadcast of the call will be
available from 9:00 PM EDT on October 1, 2002 until midnight EDT on
Tuesday, October 8, 2002. The replay number is (800) 374-0521 and the
International replay number is (706) 634-6268.
Based in St. Petersburg, Fla., Catalina Marketing Corporation
(http://www.catalinamarketing.com ) provides a wide range of strategic, targeted
marketing solutions for consumer goods companies and retailers. The targeted
marketing services of the company are provided by interrelated operating
groups that strive to influence the purchasing behavior of consumers wherever
and whenever they make purchase decisions. Through these operating groups,
Catalina Marketing is able to reach consumers internationally and domestically
-- in-store, using incentives, loyalty programs, sampling and advertising
messages; at home, through direct mailings; and online. Personally
identifiable data that may be collected from the company's targeted marketing
programs, as well as its research programs, will not be sold or given to any
outside party without the express permission of the consumer.
Certain statements in the preceding paragraphs are forward-looking, and
actual results may differ materially. Statements not based on historic facts
involve risks and uncertainties, including, but not limited to, the changing
market for promotional activities, especially as it relates to policies and
programs of packaged goods and pharmaceutical manufacturers for the issuance
of certain product coupons and other promotions, the effect of economic and
competitive conditions and seasonal variations, actual promotional activities
and programs with the company's customers, the pace of installation of the
company's store network, the policies and programs of the company's retail
partners, the success of new services and businesses and the pace of their
implementation, and the company's ability to maintain favorable client
relationships.
SOURCE Catalina Marketing Corporation
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Related links:
http://www.catalinamarketing.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/113439.html
CONTACT:
Christopher W. Wolf, Chief Financial Officer
of Catalina Marketing Corporation, +1-727-579-5218
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