>>
Home / Knowledge / News / Fashion / Outdoor retailer Gander Mountain expects rise in Q4 income

Outdoor retailer Gander Mountain expects rise in Q4 income

27
Jan '06
Leading outdoor lifestyle retailer, Gander Mountain Company announced that the company expects to report pretax income for the fiscal fourth quarter ending January 28, 2006, in the range of approximately $21 million to $22 million, an increase of 20 percent to 25 percent over the fiscal fourth quarter of 2004.

The company anticipates that sales for the quarter will total $275 million to $280 million, compared to $237 million for the same period of the prior year, a gain of at least 16 percent.

Comparable store sales are expected to decline approximately seven percent to eight percent in the quarter.

For the full year ending January 28, 2006, the company estimates that the pretax loss will be $13.5 to $14.5 million on sales of approximately $800 million. In fiscal 2004, the company reported a pretax profit of $1.6 million on sales of $642.1 million.

The company estimates that at fiscal year end its inventory will be approximately $310 million, and the company expects to be in compliance with all covenants of its credit facility.

Comparable store sales are expected to decline approximately six percent for the full year.

"They expect to achieve a higher operating profit margin in the fourth quarter compared to last year, due in part to reduced clearance activity and improved cost controls at the store level," said Mark Baker, President and CEO.

"As they improve their sales and gross margin performance, continue to build their store base and contain their operating costs, they expect to see further improvement in their operating margin."


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Jan 2022

Supply bottlenecks, high prices, omicron affect growth prospects: ECB

The global economy is on a recovery path, although persisting supply...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&amp;S,...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

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

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

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

T.T. Limited
John Varvatos
Reiter India Private Limited
Rayonese Textile Inc., Division de Culp Inc.
IKEA of Sweden AB
Tommy Hilfiger
Calvin Klein
Varner AS Retail
BIMBA ;& LOLA SL
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Alix Partners
Guess Europe Sagl,
Lacoste (Wanchai)
Etam Group Strategy Hong Kong Limited
Permoda(Koaj/Armi/Pronto/Bkul)
KAS Direct Sourcing
Amazon China
OVS Hong Kong Sourcing Ltd.

January 2022

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


Advanced Search