Galyan's Trading Co. (Nasdaq: GLYN) has reported a net loss of $1.5 million, or a loss of $0.09 per share on a fully diluted basis, for the fiscal 2002 third quarter, in line with the company's previously stated guidance of a loss of $0.08 to $0.10 per fully diluted share. In the fiscal 2001 third quarter, it reported a fully diluted net loss of $0.01 per share, on a net loss of $168,000. Athletic footwear, athletic apparel, accessories, fitness and ski equipment led to increases in sales in comparable stores. Losses weren't helped by a store closure due to damages from a tornado in September to an Indiana store. Since that date, the store has been removed from comparable store sales computations. Fiscal 2002 third quarter and year-to-date results were impacted by an estimated $1.6 million of lost sales due to the Greenwood store closing.
Galyan's Q3 sales climb 23.7 percent
Galyan's Trading Co. realized net sales of $129.8 million for 3Q, representing a 23.7 percent increase. Following the company's Greenwood, Ind., store being struck by a tornado on Sept. 20 and causing major structural damage to the building, the store has been closed and removed ...read more