Sport Chalet returns to profit in Q1
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4:14 PM MT—Sport Chalet on Wednesday reported its first profitable fiscal first quarter in five years as same-store and online sales showed improvement for the period ended July 1. Net income eked over into the black at $100,000, compared with a loss of $800,000 a year earlier. Comparable-store sales rose 2.9 percent, online sales gained 7 percent and team sales rose 12.5 percent, but these gains were offset by the closure of a store that contributed $1.7 million in sales in the year-ago period, the company reported. Although small, the first-quarter profit comes on the heels of a $3.8
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- People:
- Craig Levra
- Places:
- Los Angeles
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