In a seasonally slow quarter for the golf segment, the42-door chain reported a 47% decline in net income to $535,655 against$1,011,809 for the period ended Oct. 2. Operating income fell 41% to$2,581,423, but gross margin improved 40 basis points to 33.2%. Revenues were4% higher at $73,895,536 versus $71,140,692 but comparable store sales dropped7.9%.

Meanwhile, First Atlantic Capital-controlled Golfsmithis forging ahead with its strategy to broaden its national footprint withplanned Q4 openings in Orlando, San Diego, Livingston and Paramus, NJ.On the personnel front, the chain has made a number of changes, including thepromotion ... Log in to view full article.