Fitness financials: Collective Brands’ Q1 net income up 43 percent, plus Sport Chalet, Costco

Collective Brands' first-quarter net income rose 43 percent, Sport Chalet's fourth-quarter sales rose nearly 7 percent, and Costco Wholesale reported a sharp increase in third-quarter profit as revenue from both sales and memberships grew.
Author:
Updated:
Original:

Collective Brands’ Q1 net income up 43 percent

Collective Brands (NYSE: PSS), parent of Saucony and Hind, said its fiscal first-quarter revenue rose less than 2 percent, even though its net income rose 43 percent.

The company said it earned $54.2 million for the quarter that ended May 1, or $0.83 per share. That compares with $38 million, or $0.59 per share, in the period a year earlier.

Revenue rose 1.8 percent to $878.8 million, up from $862.9 million last year.

The company's international revenue rose 23 percent, but its revenue in stores open at least a year fell 1.2 percent.

Sport Chalet narrows Q4 loss

Fourth-quarter sales for Sport Chalet (Nasdaq: SPCHA and SPCHB) rose nearly 7 percent, driven by favorable winter weather in most of its markets and improved inventory position from increased order fulfillment by vendors.

For the quarter ended March 28, sales increased 6.8 percent to $90.2 million for the fourth quarter of fiscal 2010, up from $84.5 million for the fourth quarter of fiscal 2009.

Same-store sales were up 5.7 percent.

Gross profit as a percent of sales increased to 27.7 percent, compared to 19.8 percent for the fourth quarter of last year.

Net loss for the quarter was reduced to $0.3 million, or $0.02 per diluted share, compared to a net loss of $11.1 million, or $0.79 per diluted share, last year.

For the fiscal year, sales decreased 5.1 percent to $353.7 million, down from $372.7 million for the previous year. Same-store sales dropped 8.4 percent.

Net loss for the year was $8.3 million, or $0.59 per diluted share, compared to a net loss of $52.2 million or $3.70 per diluted share, the year before.

Excluding the non-cash impairment charges and the effect of income taxes, the company said net loss for fiscal 2010 was reduced to $6.5 million, or $0.46 per diluted share, compared to net loss of $35.7 million, or $2.53 per diluted share, for fiscal 2009.



Costco’s revenue rises 12 percent in Q3


Costco Wholesale (Nasdaq: COST) reported a sharp increase in third-quarter profit as revenue from both sales and memberships grew.

It earned $306 million, or $0.68 per share, for the quarter, compare to $210 million, or $0,48 per share, last year. Adjusted for a one-time item, the company earned $0.66 per share.

Total revenue grew more than 12 percent to $17.39 billion.

Total same-store sales for the company were up 10 percent. U.S. same-store sales were up 6 percent, while international grew 26 percent.



--Compiled by Wendy Geister

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.

Related

Fitness financials: Reebok reports 11 percent increase in Q1 net income, plus Life Time Fitness, Costco

Reebok reports 11 percent increase in Q1 net incomeFor the 2005 first quarter, Reebok International (NYSE: RBK) reported net income of $43 million, or $0.70 per diluted share, an earnings per share increase of 11 percent when compared to net income of $41 million, or $0.63 per ...read more

Fitness financials: adidas’ Q4 net income falls 64 percent, plus Big 5, Costco

adidas’ Q4 net income falls 64 percent adidas said its fourth-quarter net income declined 64 percent on effects including rising purchasing costs, currency effects and a drop in demand during the downturn. The company earned EUR 19 million (USD $25.7 million) this year versus ...read more

Fitness financials: Gaiam doubles Q1 net income, plus Health Fitness, Nautilus, adidas, NRF reports weak April retail sales, The Sports Club, Wal-Mart, Costco

Gaiam doubles Q1 net incomeFor the first quarter, Gaiam (Nasdaq: GAIA) doubled its net income to $1.8 million, or $0.07 per share, from $900,000, or $0.04 per share, in the first quarter of 2006. Depreciation and amortization for the quarter was $2.3 million. Revenue for the ...read more

Outdoor financials: Dick’s Q2 net income up 32 percent, plus Hibbett Sports

Dick’s Q2 net income up 32 percent Second-quarter net income for Dick's Sporting Goods (NYSE: DKS) jumped 32 percent as its same-store sales reversed a drop reported in the same quarter last year. It earned $51.5 million, or $0.43 per share, in the quarter that ended July 31, ...read more

Fitness financials: Cybex Q1 plagued by 27 percent sales drop, net loss; plus Sport Chalet

Cybex Q1 plagued by 27 percent sales drop, net loss For the first quarter, Cybex International (Nasdaq: CYBI) posted a 27 percent drop in sales and swung to a net loss noting the cause as customers and fitness clubs delaying purchases due to the economic turmoil. For the ...read more

Outdoor financials: Sport Chalet narrows Q4 loss, plus Deckers, Backcountry.com, Collective Brands, Rocky Brands

Sport Chalet narrows Q4 loss Fourth-quarter sales for Sport Chalet (Nasdaq: SPCHA and SPCHB) rose nearly 7 percent, driven by favorable winter weather in most of its markets and improved inventory position from increased order fulfillment by vendors. For the quarter ended March ...read more

Fitness financials: Collective Brands posts 13 percent rise in Q2 profit, plus Costco

Collective Brands posts 13 percent rise in Q2 profit Collective Brands (NYSE: PSS), the parent of Saucony and Hind, said its fiscal second-quarter profit rose 13 percent as sales edged up and expenses declined. Net income for the three months ended July 31 rose to $21.1 million, ...read more

Outdoor financials: Hibbett’s Q1 income up nearly 60 percent

Hibbett’s Q1 income up nearly 60 percent Hibbett Sports (Nasdaq; HIBB) said its fiscal first-quarter net income grew nearly 60 percent, driven by double-digit increases in footwear and apparel. For the quarter ended May 1, the company earned $17.3 million, or $0.59 per share, ...read more

Outdoor financials: Columbia net income rises in Q3, plus VF, Rocky, LaCrosse, Big 5, Sport Chalet

Columbia net income rises in Q3 Columbia Sportswear (Nasdaq: COLM) said record sales helped drive its third-quarter net income up 11 percent. The company also lowered its outlook for the full year. It earned $52.2 million, or $1.53 per share, for the quarter, versus $46.9 ...read more