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Details on Industry Insight.
Industry customer Sport Chalet reported some goods news after having recorded its first profitable quarter in 13 quarters.
Here is a summary of Q4 and full year results for the period ended April 3.
Net sales: up 8.8% to $98.2 million, largely due to the extra week in the fiscal year.
Same store sales: up 1.3%
Gross margin: 29% vs. 27.7% compared to the same period last year.
SGA as percentage of sales: 25.4% vs. 24.3%. Part of increase due to increased labor costs, which is helping to drive sales on the floor, the company said.
Net income: rose to $0.3 million vs. loss of $0.3 million the same period last year.
Sales: up 2.5% to $362.5 million. Online sales grew 110%
Same store sales: down 0.4%
Gross margin: 28.2% vs. 26.8%
SG&A as a percentage of sales: 25.6% vs. 24.3%
Net loss: $3 million vs. $8.3 million
Sport Chalet operates 55 stores in California, Nevada, Arizona and Utah.