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Sporting goods retailer Sports Authority's Q2 sales up $12mn
20 Aug '05
2 min read
They were pleased with the sales performance of several key categories including active apparel and fitness; however, the impact on our top line performance was greater than expected due to our decision not to repeat certain promotional events.
This decision also resulted in an improved gross margin rate and higher gross margin dollars, which contributed to the favorable EPS performance. In addition, they reduced quarter end debt by $45 million compared to second quarter last year, and reduced inventory by $33 million, or 6.6% on a per square foot basis, over the comparable period last year.
US second largest sporting goods retailers The Sports Authority is also one of the nation's largest full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. As of July 30, 2005, The Sports Authority operated 392 stores in 45 states under The Sports Authority, Gart Sports, Sportmart and Oshman's names.
This decision also resulted in an improved gross margin rate and higher gross margin dollars, which contributed to the favorable EPS performance. In addition, they reduced quarter end debt by $45 million compared to second quarter last year, and reduced inventory by $33 million, or 6.6% on a per square foot basis, over the comparable period last year.
US second largest sporting goods retailers The Sports Authority is also one of the nation's largest full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. As of July 30, 2005, The Sports Authority operated 392 stores in 45 states under The Sports Authority, Gart Sports, Sportmart and Oshman's names.
The Sports Authority Inc
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