Fitness financials: Forzani renews normal course issuer bid, plus Wal-Mart, Costco

The Forzani Group (TSX: FGL) said the Toronto Stock Exchange has accepted its application to renew its normal course issuer bid to purchase outstanding Class "A" shares. All purchases will be made through the facilities of the TSX. Plus, Wal-Mart's same-store sales rise in March and Costco March same-store sales down 5 percent.
Author:
Updated:
Original:

Forzani renews normal course issuer bid

The Forzani Group (TSX: FGL) said the Toronto Stock Exchange has accepted its application to renew its normal course issuer bid to purchase outstanding Class "A" shares. All purchases will be made through the facilities of the TSX.

As of April 9, there were 30.4 million common shares issued and outstanding. During the most recent normal course issuer bid, which commenced March 28, 2008, and expired March 27, 2009, the company purchased 2.6 million common shares, at an average price of $16.35.

The company said in a filing that the number of common shares which may be purchased during the period of the bid will not exceed 2.4 million common shares, which is approximately 10 percent of the public float of the company.

Forzani's retail banners include Sport Chek, Coast Mountain Sports, Sport Mart and Fitness Source.

Wal-Mart's same-store sales rise in March

For the month of March, Wal-Mart (NYSE: WMT) said U.S. same-store sales rose 1.4 percent. Including fuel, same-store sales rose 0.7 percent.

Total sales during the five weeks ended April 3 dropped 1.9 percent to $36.2 billion compared to $36.9 billion last year.

Same-store sales rose 0.6 percent at the company's U.S. namesake stores and 6.2 percent at its Sam's Club warehouses.

The company said first-quarter earnings will be at the high end of its outlook -- between $0.72 and $0.77 per share.

Costco March same-store sales down 5 percent

Costco (Nasdaq: COST) said its same-store sales dropped 5 percent in March, hurt by lower gas prices and the stronger dollar. Excluding these factors, its same-store sales gained 4 percent for the period ended April 5.

Total monthly sales fell 3 percent to $6.39 billion versus $6.57 billion in the same five-week period last year.

--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

Outdoor financials: Forzani renews normal course issuer bid

Forzani renews normal course issuer bid The Forzani Group (TSX: FGL) said the Toronto Stock Exchange has accepted its application to renew its normal course issuer bid to purchase outstanding Class "A" shares. All purchases will be made through the facilities of the TSX. As of ...read more

Fitness financials: Forzani reports record Q4 earnings, plus Sport Chalet, Wal-Mart, Costco

Forzani reports record Q4 earnings Forzani Group (TSX: FGL), Canada's largest sporting goods retailer, said fourth-quarter profit rose 36 percent, helped by an additional week of sales, lower taxes and a cold winter. Its retail banners include Sport Chek, Sports Experts and Coast ...read more

Fitness financials: Voting advisory firms reject Sherborne's bid for control of Nautilus board, plus Forzani Group, Iconix, Collective Brands, Finish Line, Costco, Wal-Mart

Voting advisory firms reject Sherborne's bid for control of Nautilus board, stock up on Dick's partnership Three independent voting advisory services have all issued recommendations to their clients, saying that Sherborne Investors LP's bid for control of Nautilus' (NYSE: NLS) ...read more

Fitness financials: Forzani Group's Q2 profit rises, plus Finish Line, Crocs, Dick's, Costco, Wal-Mart

Forzani Group's Q2 profit rises Forzani Group Ltd. (TSX: FGL), Canada's largest sporting goods retailer whose banners include Sport Chek, Sports Experts and Coast Mountain Sports, reported a higher second-quarter profit. Forzani also owns specialty fitness retailer Fitness ...read more

Fitness financials: Iconix lowers 2008 guidance, plus Costco, Wal-Mart

Iconix lowers 2008 guidance Iconix Brand Group (Nasdaq: ICON), parent of Danskin Fitness, reduced its revenue and earnings guidance for 2008, noting the difficult economy. The company now expects earnings per share in a range of $1.15 to $1.20 and revenue between $215 million ...read more

Fitness financials: Forzani Group quarter a bit rocky, plus Bally, Costco, Wal-Mart, Sears

Forzani Group quarter a bit rockyThe Forzani Group Ltd. (TSX: FGL) cut its earnings forecast for the fiscal year because of weak back-to-school sales, sending shares of the Calgary-based Canadian sporting goods giant to its worst level in about three years. Forzani, which ...read more

Fitness financials: Nautilus lowers Q1 guidance, share prices sink; plus Bally, Puma, Costco, Wal-Mart

Nautilus lowers Q1 guidance, share prices sinkNautilus (NYSE: NLS) lowered its first-quarter earnings guidance based on sluggish sales of its home fitness products in North America. For the first quarter, the company said it now expects earnings per diluted share of $0.08-$0.09 ...read more

Fitness financials: Forzani Group reports 3Q earnings, plus Bally, Finish Line, Wal-Mart, Sears, Costco, Lifetime Fitness

Canada's Forzani Group reports higher 3Q earnings, lower compsForzani Group (FGL.TO), Canada's largest sporting goods retailer that announced big plans in October to take on specialty fitness by mid-2005, reported third-quarter net earnings of CDN $6.4 million (USD $5.36 ...read more

Fitness financials: Stride Rite to purchase Saucony, plus Big 5, Everlast, Finish Line, Costco, Wal-Mart

Stride Rite to purchase SauconyHind's parent Saucony (NasdaqNM: SCNYA and SCNYB) has been picked up by Stride Rite Corp. for $170 million -- about $23 a share. Taking into account cash reserves at Saucony, Stride Rite said the deal would cost it about $140 million. Stride Rite is ...read more