Results at Canada’s largest sporting goods retailerfor the period ended Oct. 31 were aided by a restatement of prior year earningsdue to an accounting guideline change. The revision, which centers on how cashconsideration from a vendor is accounted, lowered Q3/03 cost of sales and netearnings. Without the accounting change, Forzani’s Q3 net income would havefallen 15% to C$6,390,000 (US$5.2 mm) from C$7,487,000. Instead, with therevision year-ago net income was C$5,881,000.

Overall, Q3 total retail sales rose 6% toC$265,726,000 ... Log in to view full article.