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Gander Mountain reports 3Q results

Gander Mountain Co. posted a 2.5 percent increase in consolidated sales in the third quarter, which ended Oct. 31.

Consolidated sales for the period were $276.6 million compared to consolidated sales of $269.9 million for the third quarter of fiscal 2008. Consolidated net income was $3.2 million for the fiscal 2009 third quarter compared to a consolidated net income of $800,000 for the same quarter last year.

Gander Mountain reported net earnings per share of 13 cents compared with 3 cents for the third quarter of fiscal 2008.

Comparable-store sales during the third quarter of fiscal 2009 were up 1 percent. The firearms, ammunition, fishing, apparel, marine and camping categories all experienced above-average comparable-store sales gains during the quarter, the company said.

During the second quarter of fiscal year 2009, Gander Mountain substantially completed its withdrawal from the boat, ATV and power sport services categories. Excluding the negative 2.7 percent impact of these categories, comparable-store sales were a positive 3.7 percent during the third quarter.

For the 39 weeks ending Oct. 31, the company reported sales of $752.7 million, an increase of 3 percent from the same period in fiscal 2008.

St. Paul, Minn.-based Gander Mountain is the nation's largest retail network of stores for hunting, fishing, camping, marine and outdoor lifestyle apparel and footwear, products and services. There are 116 Gander Mountain outdoor lifestyle stores in 23 states and three outlet stores.

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