Sport Chalet reports profitable quarter

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.

Q4 

Sports Chalet CEO Craig Levra

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.

Full 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.