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Article: Gander Mountain Company Reports First Quarter Results.
- Article from:
- PR Newswire
- Article date:
- May 19, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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42% Increase in Total Sales
Gander Mountain Company today reported sales and earnings results for the first quarter ended May 1, 2004.
Total sales for the first quarter of fiscal 2004 increased 42%, or $29.3 million, to $98.7 million. Comparable store sales increased 8.7%. The net loss for the quarter was $13.6 million compared with a net loss of $11.2 million in the first quarter of fiscal 2003.
"We were satisfied with Gander Mountain's progress in the quarter. Strong sales growth reflects our emphasis on both comparable store performance and new store development," said Mark Baker, President and CEO. "Gander Mountain is a highly-seasonal ...