FGL reports footwear sales strongly raise 5.6% for Q1
08 Jun '05
3 min read
9.4% on the strength of athletic clothing and footwear. On a combined basis, comparable store sales were up 0.3%.
Comparable store operating costs were 29.6% of corporate store revenues, versus 28.8% in the prior year, a result of the reduced sales volume.
The comparative costs in absolute dollars decreased $0.7 million or 1.7%. The overall store operating expense increase reflects the addition of 19 National Sports stores coupled with the opening (net of closings), in the past year, of 12 corporate stores.
The net loss for the quarter was $7.4 million, or $0.23 per diluted share, compared to a profit of $0.9 million, or $0.03 per share in the prior year.
Canada based The Forzani Group Ltd is largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under four corporate banners: Sport Chek, Coast Mountain Sports, Sport Mart and National Sports.
marketing@alchempro.com
