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Sports Authority Q4 profit rises on higher sales
07 Mar '06
3 min read
Sports Authority Inc, the nation's largest sporting goods chain, has announced results for its 2005 fourth quarter and fiscal year ended January 28th 2006.
The fourth quarter diluted EPS of $1.10 vs. previous guidance of $1.07 & $0.96 for the prior year. Comparable store sales increase of 2.4 percent for the fourth quarter and 1.5 percent for the full year.
Merchandise inventories reduced $58.7 million (-9.9 percent on a per square foot basis) vs. the prior year end. Long-term debt reduced $69.2 million vs. the prior year end.
The net income for the fourth quarter ended January 28th 2006 was $29.8 million, or $1.10 per diluted share, compared with $25.3 million, or $0.96 per diluted share in the prior year's fourth quarter.
Total sales for the fourth quarter were $741.1 million compared with $713.8 million in the prior year's fourth quarter, an increase of $27.3 million, or 3.8 percent. Fourth quarter comparable store sales increased 2.4 percent.
The net income for the 52 weeks ended January 28th 2006 was $55.4 million, or $2.06 per diluted share, compared with net income of $33.5 million, or $1.27 per diluted share, including merger integration costs, in the prior year.
Total sales for the fiscal year ended January 28th 2006 were $2.509 billion compared with $2.436 billion in the prior fiscal year, an increase of $73.5 million, or 3.0 percent. Comparable store sales for the fiscal year ended January 28th 2006 increased 1.5 percent.
The fourth quarter diluted EPS of $1.10 vs. previous guidance of $1.07 & $0.96 for the prior year. Comparable store sales increase of 2.4 percent for the fourth quarter and 1.5 percent for the full year.
Merchandise inventories reduced $58.7 million (-9.9 percent on a per square foot basis) vs. the prior year end. Long-term debt reduced $69.2 million vs. the prior year end.
The net income for the fourth quarter ended January 28th 2006 was $29.8 million, or $1.10 per diluted share, compared with $25.3 million, or $0.96 per diluted share in the prior year's fourth quarter.
Total sales for the fourth quarter were $741.1 million compared with $713.8 million in the prior year's fourth quarter, an increase of $27.3 million, or 3.8 percent. Fourth quarter comparable store sales increased 2.4 percent.
The net income for the 52 weeks ended January 28th 2006 was $55.4 million, or $2.06 per diluted share, compared with net income of $33.5 million, or $1.27 per diluted share, including merger integration costs, in the prior year.
Total sales for the fiscal year ended January 28th 2006 were $2.509 billion compared with $2.436 billion in the prior fiscal year, an increase of $73.5 million, or 3.0 percent. Comparable store sales for the fiscal year ended January 28th 2006 increased 1.5 percent.
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