The company lost $3,288,796 against a profit of $1,632,132for the third quarter ended Aug. 2, which included a loss fromdiscontinued operations of $3,732,480 against income last yearof $684,167. Income from continuing operations fell 53 per centto $443,684 from $947,965. Revenues rose 6 per cent to $21,919,829from $20,644,470. Sport Supply indicated that sales and earningscomparisons would be unfavorable during the restructuring.

The loss violated an earnings-related covenantin Sport Supply's lending agreement which will result in higherborrowing costs until Sport ... Log in to view full article.