Strong performance of hunting & PowerSports at Gander Mountain
22 Aug '07
2 min read
Gander Mountain Company the nation's largest retail network of stores for hunting, fishing, boating, camping, marine and outdoor lifestyle products and services, reported results for the 2007 second quarter ended August 4, 2007.
For the quarter, sales increased 18.6 percent to $216.5 million and comparable store sales increased 4.2 percent versus the second quarter of the prior year. This was the fourth consecutive quarter of positive comparable store sales gains.
For the quarter, the company reported a net oss of $9.7 million, or $0.48 per share, compared to a net loss of $7.6 million, or $0.53 per share, in the second quarter of fiscal 2006.
For the 26 weeks ended August 4, 2007, the company reported sales of $392.3 million, an increase of 16.0 percent over the same period in 2006. Comparable store sales gained 2.7 percent.
The company reported a net lossfor the 26-week period of $32.5 million, or $1.61 per share, compared with a net loss of $30.5 million, or $2.14 per share for the 26 weeks ended July 29, 2006.
"In the second quarter, we saw regional strength in our eastern and southern stores. Same store sales were boosted by strong performance in hunting and PowerSports, including our new offering of Tracker Marine Group boats at selected stores," said Mark Baker, president and CEO.
"As we enter the second half of the fiscal year, Gander Mountain is well prepared to build on our sales momentum in the upcoming hunting and holiday seasons."
marketing@alchempro.com
