Sporting goods retailer Sports Authority's Q2 sales up $12mn

20 Aug '05

2 min read

Colorado based sporting goods with great prices seller The Sports Authority Inc announced results for its second fiscal quarter ended July 30, 2005.

- Diluted EPS of $0.53 vs. previous guidance of $0.47 - $0.49

- Comparable store sales increase of 0.2 percent

- Raises full year diluted EPS guidance from $1.90 - $1.97 to $1.96 - $2.01

- Net income for the second quarter was $14.2 million, or $0.53 per diluted share

- Total sales for the second quarter were $617.0 million compared with $605.0 million in the prior year's second quarter, an increase of $12.0 million, or 2.0 percent.

- Second quarter comparable store sales for the Company increased 0.2 percent%.

- Net income for the 26 weeks ended July 30, 2005 was $22.2 million, or $0.83 per diluted share

- Total sales for the 26 weeks ended July 30, 2005 were $1.21 billion compared with $1.18 billion in the prior year's comparable period, an increase of $31.2 million, or 2.7 percent.

- Comparable store sales for the 26 weeks ended July 30, 2005 increased 1.0 percent.

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Doug Morton, Chief Executive Officer commented, "They exceeded earnings expectations for the second quarter driven by improvements in gross margin and effective management of company operating expenses."

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