FGL announces record Q4 results
Canadian sporting goods retailer The Forzani Group Ltd. has released record fourth quarter and year-end results for the 13 and 52-week periods ended January 29, 2006.
For the fourth quarter, retail sales increased $71.4 million to $438 million from $366.6 million in the comparable quarter a year earlier. Total revenues, consisting of corporate store sales, wholesale sales, service income, equipment rentals, franchise fees and franchise royalties, reached $342.2 million, an increase of 24.8% from the prior year.
For the full year, retail sales were $1,310.5 million, a $202.2 million increase from sales for the 52 weeks ended January 30, 2005. Revenue was $1,129.4 million, a $144.3 million, or 14.6% increase over the 52-week period last year.