Follow Bicycle Retailer

You are here

Online, team sales lift Sport Chalet in fiscal Q2

Published November 8, 2012

LOS ANGELES, CA (BRAIN) — Sports Chalet’s sales for its fiscal second quarter rose 3.9 percent to $91.5 million as same-store sales jumped 5.5 percent for the 13 weeks ended Sept. 30, the sporting goods chain reported Wednesday.

The uptick was also fueled by the company’s team-sales unit, where sales surged 23.7 percent, and online sales, up 23.7 percent compared with a year earlier. Thos gains were partially offset, however, by the closure of a store that had contributed $1.5 million in the year-ago period.

For the first six months of its fiscal year, Sport Chalet’s are up 2.6 percent to $175.3 million, and net income has risen to $900,000 from a loss of $200,000 a year earlier.

"We are pleased with our second-quarter results as we continued to grow top-line sales and increased profitability with sequential and year-over-year improvements in both,” said chairman and CEO Craig Levra. “The momentum we experienced during the first quarter continued in the second quarter, and we believe that we are well positioned to have a profitable fiscal 2013.

Sport Chalet sells bikes from brands including Haro, Electra, Diamondback, Raleigh and ASI’s Fuji and SE Bikes. The company’s stores also provide bicycle service and car rack installation. It plans to open a new store in downtown Los Angeles in May 2013.

Topics associated with this article: Earnings/Financial Reports

Join the Conversation