PALM BEACH GARDENS, Fla. (Oct. 4, 2004) — TBC Corp. said it expects a negative impact of 9 cents to 12 cents per diluted share in the third quarter from the summer's four hurricanes that have affected company retail outlets.
The Palm Beach Gardens-based marketer and distributor said the combined negative impact in the quarter is the result of Hurricanes Charley, Frances, Ivan and Jeanne. TBC operates 160 retail stores in Florida, which represent about one-third of its total company-owned store base.
TBC said it will discuss the hurricanes' impact further in its third quarter report, which will be released after market close Oct. 25. The company will host a conference call at 10 a.m. ET Oct. 26. The call is available at www.tbccorp.com.