NEW YORK — Strict management of its inventories helped Sport Chalet Inc. post a double-digit increase in third-quarter net income, but higher expenses pulled profits in the opposite direction for the nine months.

The Los Angeles-based operator of 28 sporting goods stores in California and Nevada posted net income of $2.6 million, or 38 cents a diluted share, during the three months ended Dec. 31, beating by 19.3 percent the $2.2 million, or 31 cents, reported in the year-ago period. The third-quarter performance was 2 cents better than First Call’s estimate, which was based on a single analyst.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus