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.