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Article Date: November 2005
Word Count: 183

SPORT CHALET REPORTS LOSS ON RECAPITALIZATION CHARGES.


Including a $7.8 million after-tax charge related tothe management buyout of founder Norbert Olberz’s A shares, Sport Chalet had aloss of $5,163,405 this year against earnings of 1,593,842 last year. Revenuesrose 13% to $81,732,263 from $72,525,181 for the period, including a 2.7%increase in comp store sales. SPCH provided no guidance on the holiday quarter.It noted that it faced tough comparisons against last year when early snowboosted winter sports sales, but said this year other categories wereperforming well and closing the gaps.

In its first conference call in memory, SPCH notedthat the recapitalization ... Log in to view full article.

 


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