Fitness financials: Sport Chalet narrows Q3 loss, plus Costco
Sport Chalet's same-store sales for the third quarter dropped 10.8 percent, while Costco said its same-store sales for January climbed 8 percent, boosted by higher gasoline prices and a softer dollar.
Get access to everything we publish when you sign up for Outside+.
Sport Chalet narrows Q3 loss
Sport Chalet (Nasdaq: SPCHA and SPCHB) said its same-store sales for the third quarter dropped 10.8 percent and were hurt by “macro-economic weakness” in Southern California.
Sales decreased 8.9 percent to $95.3 million from $104.6 million for the same period last year.
The company also narrowed its quarterly loss to $3.8 million, or $0.27 per diluted share, versus a loss of $32.4 million, or $2.29 per diluted share, last year.
Gross profit as a percent of sales increased to 25.2 percent compared to 22.3 percent for the third quarter of last year. Selling, general and administrative expenses as a percent of sales decreased to 23.1 percent from 27.8 percent in the same period last year.
Costco same-store sales rise in January
Costco (Nasdaq: COST) said same-store sales for January climbed 8 percent boosted by higher gasoline prices and a softer dollar.
Costco recorded strong business overseas, with sales at stores open at least a year rising 25 percent for the four weeks ended Jan. 31. In the U.S., sales at stores open at least a year climbed 4 percent.
Removing the impact of higher gasoline prices and the weaker dollar, Costco’s key sales figure rose 2 percent for the month with flat sales at U.S. stores that were open at least a year. Internationally, sales at stores open at least a year rose 9 percent.
January’s total net sales increased 10 percent to $5.62 billion from $5.09 billion.
–Compiled by Wendy Geister
For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.outsidebusinessjournal.com/cgi-bin/snews/stock_report.html.