Canadian sporting goods retailer The Forzani Group Ltd. has published financial results for the 13 weeks ended April 30.

Net earnings for the first quarter were $0.3 million compared with a loss in the prior year's first quarter of $7.4 million.

Retail system sales for the quarter were $299.1 million, an increase of $39.3 million, or 15.1% from the comparable 13-week sales of $259.8 million last year. This increase was attributed to strong contributions from franchise and corporate stores and the addition of The Fitness Source Inc. on January 31. Exclusive of the acquisition of Fitness Source, retail system sales increased $33.2 million, or 12.8%.