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Article Date: December 2002
Word Count: 149

FORZANI SALES WILL TOP C$1 BILLION THIS FY.


The Canadian operator and franchisor of multiplebanners had an 82% increase in Q3 net income to C$10.1 million (US$6.4 mm) on a14% increase in systemwide sales to C$245.9 million (US$156.9 mm) for theperiod ended Oct. 27. Results were impacted positively by a C$1.4 millionpre-tax gain from the sale of its stake in Gen-X Sports, which was acquired byHuffy.

Q3 corporate store sales rose 15% to C$173.8 million(US$111.2 mm); franchise store revenues increased 23% to C$70.2 million(US$44.9 ... Log in to view full article.

 


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