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Article: Golfsmith Announces Third Quarter Fiscal 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Golfsmith International Holdings, Inc., (NASDAQ: GOLF) announced financial results for the third quarter of fiscal 2009 ended October 3, 2009. Third Quarter Highlights: Net revenues were $90.6 million for the third quarter of fiscal 2009 as compared to net revenues of $101.7 million for the third quarter of fiscal 2008. Net revenues reflect an 8.5 percent decrease in comparable store sales and a 27.0 percent decrease in net revenues from the direct-to-consumer channel, partially offset by revenues from non-comparable stores.
Operating income totaled $1.4 million for the third quarter of fiscal 2009 compared to $3.7 million for the third quarter of fiscal 2008. ...