Retail recovery: Sport Chalet same-store sales up 5 percent
Sport Chalet (Nasdaq:SPCHA) joined its peer Big Five Sporting Goods in reporting higher same-store sales and profit for its latest quarter, a sign that the national outdoor and fitness retailers have bounced back from last year’s bad winter with a healthy spring and summer.
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What a difference a season makes.
Sport Chalet (Nasdaq:SPCHA) joined its peer Big Five Sporting Goods in reporting higher same-store sales and profit for its latest quarter, a sign that the national outdoor and fitness retailers have bounced back from last year’s bad winter with a healthy spring and summer.
Same-store sales at Sport Chalet, which has 54 locations mostly in the Southwest, increased 5.5 percent in the company’s fiscal second quarter, ended Sept. 30, 2012. Including one store closure in the past year, Sport Chalet’s total quarterly revenue rose 3.9 percent to $91.5 million. Its quarterly profit inched up to $800,000, or 5 cents per diluted share, versus $600,000, or 4 cents per diluted share, a year ago.
“The momentum we experienced during the (fiscal) first quarter continued in the (fiscal) second quarter, and we believe that we are well positioned to have a profitable fiscal 2013,” said Sport Chalet CEO Craig Levra in the Nov. 8 earnings release.
Next week, the industry will see results from fellow national retailers Dick’s Sporting Goods and Hibbett Sports.
–David Clucas
