FORZANI Q3 NET RISES 43%; Q4 COMPS OFF TO GOOD START.
The Canadian sporting goods store operator andfranchisor had net income of C$3.6 million (US$2.3 mm) for the period endedJuly 28. EBITDA margin was 7.0% vs. 6.8%. Q3 revenues rose 25% to C$244.3million (US$154.3 mm) with corporate store sales up 31% to C$159.6 million(US$100.8 mm) and franchise store sales up 14% to C$39.8 million (US$25.1 mm).Sales of private label products represented slightly more than 9% of revenues,a percentage that continues to increase. Meanwhile, comparable store salesincreased 7% in corporate stores and 3.4% in franchise locations despite ... Log in to view full article.