Sport Chalet Hurt by Weather, Higher Costs
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Sport Chalet Inc., the La Canada-based sporting-goods retailer, said an unseasonably cold spring and higher advertising and labor costs in its fiscal first quarter contributed to its first quarterly loss in nearly seven years.
The firm lost $593,000, or 1 cent a share, compared with a profit of $84,000, or 1 cent, in the same period a year ago.
Sales in the quarter ended June 30 rose 4.1% to $53.3 million, thanks to the opening of two new stores. Sales at stores open at least a year -- a key measure of growth -- slipped 2.1%. The company reported earnings after the market closed. Sport Chalet shares fell 10 cents to $7.41on Nasdaq.
From a Times Staff Writer
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