Sponsors
Billabong ▲ +0.005 | PPR ▲ +1.30 | American Apparel ▼ 0.00 | The Buckle ▼ -0.19 | Columbia ▼ 0.00 | Deckers Outdoor ▼ 0.00 | Dicks ▼ 0.00 | Foot Locker ▼ 0.00 | Genesco ▼ -0.65 | Iconix Brand Group ▼ -0.45 | Jarden Corp ▼ -0.04 | Nordstrom ▼ 0.00 | Luxottica ▼ -0.06 | Nike ▲ +0.05 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ 0.00 | Sport Chalet ▼ 0.00 | Urban Outfitters ▼ 0.00 | VF Corp ▼ 0.00 | Quiksilver ▼ 0.00 | Zumiez ▼ 0.00 | Macys ▼ 0.00 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

KNOWSHOW: Complete list of exhibit brands and mobile app available.
MOSS ADAMS: Alert! Authorities after 45,000 businesses that didn't file 2012 California corporate taxes.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Sport Chek parent reports Q3 results

By Tiffany Montgomery
December 11, 2009 9:59 AM

Another important Canadian retail customer that is increasingly getting into the action sports game reported third quarter earnings yesterday.

The Forzani Group has 350 corporate and 218 franchise sporting goods stores under 15 banners including Sport Chek and Coast Mountain Sports. When I was in Canada this summer, I saw a large selection of skate shoes at a Sport Chek in Vancouver, apparel from brands such as O’Neill and Split and accessories from Oakley and others. The company’s S3 (surf, skate, snow) chain in Quebec also carries many industry brands.

The company reported a strong increase in third quarter profits and an increase in total sales and same-store sales, but said unseasonably warm weather and consumer caution has thus far dampened fourth quarter sales.

Third quarter highlights

Total revenue: up 5% to Canadian $381.1 million vs. the same period last year

Same-store sales: up 2.3% (corporate and franchise stores)

Gross margin: 34.4% vs. 33.3%

Net income: $11.4 million vs. $6.6 million

Fourth quarter update

Forzani said the fourth quarter will be “challenging” because of warm weather early in the quarter and consumer caution. In the first five weeks of the quarter, same-store sales at corporate stores fell 8.6%.

 


Articles You Might Have Missed