Sport Chalet Drops Loss, Raises Gross Margins in Q3
The net loss improved 77% to $861,000 versus a loss of $3,800,000 for the period ended Dec. 26. The Q3 operating loss, meanwhile, was 97% better on essentially flat sales of $95,828,000 versus $95,258,000. Comp store sales were down 0.4% as a result of a decrease in promotional activity and the macroeconomic weakness in the market, partially offset by favorable weather conditions. Gross margins improved 230 b.p. to 27.5%, a factor the specialty retail chain attributed ... Log in to view full article.
