Positive Q2 results at Golf Galaxy
US-based golf specialty retailer Golf Galaxy, Inc. has posted improved financial results for its second quarter ended August 26.
Net sales for the quarter increased 37.4% to $95.6 million compared with $69.6 million for the same period of the prior year. Comparable store sales increased 0.8% compared with an increase of 7.4% for the second quarter of fiscal 2006. The current quarter marked the company's fourteenth consecutive quarter of comparable store sales increases.
Net income for the quarter was $7 million compared with net income of $5.4 million for the second quarter of fiscal 2006.
Net sales for the six months ended August 26 increased 39% to $178.2 million, compared with $128.2 million in the 2006 fiscal period. Net income for the six month period was $9.6 million compared with $7.1 million for the 2005 period. Comparable store sales increased 0.9% compared with an increase of 8.8% in the same period of fiscal 2006.
