Question-and-Answer Session
Operator
Sure. [Operator Instructions]. Your first question comes from the line of Sean McGowan with Wedbush Morgan. Please proceed.
Sean McGowan - Wedbush Morgan Securities, Inc.
Thank you. Firstly a question regarding the new distribution center opening. When do you expect that to have any adverse impact on earnings ahead of the opening or around the time of the opening and then secondly related to that when would you expect it to start providing some positive leverage?
Edward W. Stack - Chairman and Chief Executive Officer
We expect in the first year would have a very slight impact but by the second year as we realign stores, we are going to be in good shape.
Sean McGowan - Wedbush Morgan Securities, Inc.
When you say a first year, do you mean 2008 or the first year after it's open.
Edward W. Stack - Chairman and Chief Executive Officer
2008.
Sean McGowan - Wedbush Morgan Securities, Inc.
Okay. And then second question, is there any impact in any of your markets either in the second quarter or the third quarter expected from either new sales tax holidays or shifts in sales tax holidays that you can measure?
Timothy E. Kullman - Senior Vice President and Chief Financial Officer
There has been a few shifts here and there, but nothing meaningful.
Sean McGowan - Wedbush Morgan Securities, Inc.
Okay. That's it from me. Thank you.
Operator
Your next question comes from the line of Michael Baker with Deutsche Bank. Please proceed.
Michael Baker - Deutsche Bank Securities, Inc.
Hi. Thanks guys. So, two questions: one, the comp in the third quarter, I understand the calendar shifts, I understand the tough comparison, but so you are up against a nine, I mean, jeez, you are up against a 6.5 in the second quarter and you still comped north of seven or north of five with the adjustments. So the third quarter being guided negative, is it because of the weather at the end of the third quarter last year that you talked about? Is it... there's some trend that you have seen towards the end of the second quarter which sounds like consumers are weak, generally speaking, or is there something else we need to think about there? Then my second question would be on Golf Galaxy, it sounds like you paid it off a little bit... the debt a little bit quicker than expected, yet you are only $0.02 accretive, I am wandering as if you could square that for me. Thanks.
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