Fitness, athletic goods, ski led Q3 sales at Galyan's
Galyan's Trading Co. (Nasdaq: GLYN) has reported a net loss of $1.5 million, or a loss of $0.09 per share on a fully diluted basis, for the fiscal 2002 third quarter
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Galyan’s Trading Co. (Nasdaq: GLYN) has reported a net loss of $1.5 million, or a loss of $0.09 per share on a fully diluted basis, for the fiscal 2002 third quarter, in line with the company’s previously stated guidance of a loss of $0.08 to $0.10 per fully diluted share. In the fiscal 2001 third quarter, it reported a fully diluted net loss of $0.01 per share, on a net loss of $168,000. Athletic footwear, athletic apparel, accessories, fitness and ski equipment led to increases in sales in comparable stores. Losses weren’t helped by a store closure due to damages from a tornado in September to an Indiana store. Since that date, the store has been removed from comparable store sales computations. Fiscal 2002 third quarter and year-to-date results were impacted by an estimated $1.6 million of lost sales due to the Greenwood store closing.