>>
Home / Knowledge / News / Apparel/Garments / Golf Galaxy sees 40.9% sales jump in Q1

Golf Galaxy sees 40.9% sales jump in Q1

20
Jun '06
Leading golf specialty retailer Golf Galaxy Inc has announced its financial results for the first quarter ended May 27th 2006.

The net sales for the first quarter of fiscal 2007 increased 40.9 percent to $82.5 million, compared with $58.6 million for the same period of the prior year. Comparable store sales increased 1.0 percent for the fiscal first quarter, compared to an increase of 10.5 percent for the first quarter of fiscal 2006.

The company reported net income for the first quarter of $2.6 million, or 22 cents per diluted share, compared to net income of $1.7 million, or 21 cents per diluted share, for the first quarter of fiscal 2006.

"Golf Galaxy achieved a 52 percent increase in net income quarter over quarter despite sales that were somewhat below our initial expectations," said Randy Zanatta, Golf Galaxy's President and CEO.

"We grew total sales by $24 million and posted our thirteenth consecutive quarter of comparable store sales increases, against a strong 10.5 percent comp in the first quarter last year. Additionally, we produced a solid year-over-year increase in our gross margin rate, largely due to the results from our strategic initiative to grow the services business -- our most profitable category," Zanatta said.

Golf Galaxy opened eleven new stores during its fiscal first quarter, including its first stores in the Las Vegas, Pittsburgh, Syracuse, Oklahoma City and the New York City metro markets. Currently, it operates 61 stores in 24 states.


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Phong Phu international JSC (PPJ)
Gatsby Africa
Helly Hansen Far East Ltd
Decathlon
C;&A Sourcing International Ltd
BIMBA ;& LOLA SL
The Top Form Brassiere Manufacturing Company Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Amazon China
Restoque S.A.
Grasim Industries Limited
Seasalt Limited
LC Waikiki
Boardriders Asia Sourcing Limited
Tory Burch Hong Kong Ltd
Gloria Jeans
Lululemon Athletica Inc
T.T. Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Lenzing Aktiengesellschaft
Guess Europe Sagl,
Recron Polyester from Reliance Industries Limited
Etam Group Strategy Hong Kong Limited
Alison Hayes Romania
Permoda(Koaj/Armi/Pronto/Bkul)
Sainsbury's Argos Asia Limited
Babyshop
Hirdaramani International Export Private Limited
Reiter India Private Limited
Under Armour Global Sourcing Ltd
Vianney Textil Hogar S.A. De C.V.
Aramark Uniform ;& Career Apparel, LLC
Sportmaster Ltd.
MAS Active / MAS Kreeda / MAS Bodyline
Calvin Klein
Puma
IDH – The Sustainable Trade Initiative
The LYCRA Company Singapore  Pte. Ltd
Tchibo GmbH
Truetzschler India Private Limited
Maceton Limited
Page Industries Limited (Bangalore)
Tommy Hilfiger
KAS Direct Sourcing
Varner AS Retail
Bluestem Global Sourcing Limited
G-Star Raw C.V.
Hela Clothing Pvt Ltd
Gokaldas Exports Limited
Green Fibre
Gap International Sourcing Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Rayonese Textile Inc., Division de Culp Inc.
Rosset ;& Cia Limited
SYNERGIES HONG KONG LIMITED
Lacoste (Wanchai)
Walmart
Midas Clothing Limited
Lifestyle
International Textile Manufacturers Federation
KIABI
Chori Company Limited
Benetton Group
PVH Corporation
Alix Partners
Brandix Lanka Limited
Huntsman (Singapore) Pte Ltd
SHAHI Exports Pvt Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Splash
Groz-Beckert East Asia LLP
J ;& P Coats
Arvind Limited
Esprit Europe Services GmbH
Sateri (Jiujiang) Fiber Co.,Ltd
John Varvatos
Lisa S.P.A.
Vardhman Textile Ltd
IKEA of Sweden AB
Aquarelle Clothing Limited
Chico’ FAS
BIANCA
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Cat Tuong Real Estate Group Joint Stock Company
Landmark Group
Eastman Chemical Company
H;&M Hennes ;& Mauritz (Far East) Ltd
Abit
Desigual - ABASIC, S.A.
Target Corporation (MN)

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search