Gander Mountain operating income reaches $29.2 mn in 2006
30 Mar '07
3 min read
For the fiscal year ended February 3, 2007, Gander Mountain reported sales of $911.4 million, an increase of 13.3 percent over 2005. Comparable store sales declined 1.1 percent on a 53 week comparable basis. Income from operations improved to $15.0 million from a loss of $2.2 million for fiscal 2005. The company reported a net loss for the fiscal year of $13.2 million, or ($0.88) per diluted share, compared to a net loss of $13.3 million, or ($0.93) per diluted share for fiscal 2005.
In addition to the non-cash charge discussed above, which was ($0.60) per share on a diluted basis, the results for fiscal 2006 include a $1.4 million pre-tax gain from the insurance settlement related to the flooding of the company's Binghamton, N.Y. store in June 2006. The results for fiscal 2005 include a pre-tax payment to Gander Mountain of $2.5 million related to the termination of the company's previous co-branded credit card agreement.
marketing@alchempro.com
