Home / Knowledge / News / Fashion / Sporting goods retailer Sports Authority's Q2 sales up $12mn

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

20
Aug '05

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.

For further details : Click here

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."

More Sports Authority Inc News... More Fashion News - United States Of America...