Gander Mountain sales increase in Q3
ST. PAUL, Minn. — Gander Mountain Co. reported this week that third quarter consolidated sales were $276.6 million, compared to consolidated sales of $269.9 million for the third quarter of fiscal 2008, a 2.5 percent increase. The company’s third fiscal quarter ended Oct. 31.
In its third-quarter report, the company said consolidated net income was $3.2 million for the third quarter compared to a consolidated net income of $0.8 million for the same quarter last year. It reported net earnings per share of $0.13 compared with $0.03 for the third quarter of fiscal 2008.
Retail segment sales for the third quarter were $261.0 million, an increase of $5.5 million or 2.2 percent. Direct segment sales were $15.6 million for the quarter, compared to $14.4 million for the same quarter last year, an increase of $1.2 million or 8.0 percent.
Comparable store sales during the third quarter of fiscal 2009 were up 1.0 percent. The firearms, ammunition, fishing, apparel, marine and camping categories all experienced above average comparable store sales gains during the quarter, the company said.
During the second quarter of fiscal year 2009, Gander Mountain substantially completed its withdrawal from the boat, ATV and power sport services categories. Excluding the negative 2.7 percent impact of these categories, comparable store sales were a positive 3.7 percent during the third quarter.
Retail segment net income was $5.5 million compared to $3.7 million for the third quarter of last year. Net losses for the direct segment were $2.3 million for the quarter, compared with $2.9 million for the third quarter of last year.
For the 39 weeks ended Oct. 31, the company reported sales of $752.7 million, an increase of 3.0 percent over the same period in fiscal 2008.
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