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.
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.