Gander Mountain Company Announces Second Quarter 2009 Results
ST. PAUL, Minn. -- Gander Mountain Company (www.GanderMtn.com) (NASDAQ:GMTN), announced results for the second fiscal quarter ended August 1, 2009.
Fiscal 2009 second quarter consolidated sales were $248.4 million compared to consolidated sales of $252.9 million for the second quarter of fiscal 2008, a 1.8 percent decrease.
Gander Mountain reported a net loss per share of $0.30 compared with a net loss per share of $0.20 for the second quarter of fiscal 2008.
Retail segment sales for the second quarter were $210.8 million, a decrease of $2.3 million or 1.1 percent, as compared to the fiscal 2008 second quarter. Direct segment sales were $37.6 million for the quarter, compared to $39.7 million for the same quarter last year, a decrease of 5.4 percent.
Comparable store sales during the second quarter of fiscal 2009 declined 2.4 percent. The firearms, ammunition, hunting accessories, fishing, marine and camping categories all experienced comparable store sales gains during the quarter.
"A difficult retail environment slowed Gander Mountain's progress during the second quarter, as overall sales declined slightly," said David C. Pratt, chairman and interim chief executive officer.
An Important Note for GunReports.Com Readers:
Our goal on this website is to foster a free expression of views while reining in language that crosses the line of civil discourse. Accordingly, the comments areas are intended to expand the knowledge of all users of this site. But site administrators wish to discourage the use of profanity, insults, disrespect, the advocacy of lawlessness, violence or sedition, or attempts to impinge on the rights of others.
While GunReports.Com encourages robust discourse that furthers our understanding of all the issues affecting gun owners, comments that break GunReports.Coms rules will be removed. In addition, we reserve the right to edit or delete individual comments, and in extreme cases, to ban commenters at our discretion.