Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
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
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Sport Chek parent reports Q3 results

A skate shoe wall at Sport
A skate shoe wall at Sport Chek in Canada
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