Net income was $1,210,595 against $535,655 for theperiod ended Oct. 1 on 16% revenue growth to $85,521,081 from $73,895,536.Year-ago income was favorably impacted by $1.1 million from the sale of certainLynx trademarks. Q3 comparable store sales rose 6.2% at the 52-door chain asgross margins grew 170 basis points to 34.9% on higher vendor allowances andstore growth that has generated higher volumes and more favorable pricing.Golfsmith’s Q3 operating margin improved to 4.8% from 3.5% in the year-agoperiod. Meanwhile, sales of proprietary brands in Q3 represented 16.1% ofrevenues below 16.7% for the nine months.

The specialty chain, which is 74.3%-owned by AtlanticEquity Partners ... Log in to view full article.