Gander Mountain Co. reports fiscal Q2 earnings below the Street
Gander Mountain Co. (Nasdaq: GMTN), the nation's largest retail network of stores for hunting, fishing, boating, camping, marine and outdoor lifestyle products and services, reported fiscal second quarter results below Wall Street’s expectations.
For the three months ended August 4, the Saint Paul, Minn.-based company recorded a net loss of $9.7 million, or $0.48 per share, while seven analysts polled by Thomson Financial were expecting a loss of $0.16 per share on average. This compares with a net loss of $7.6 million, or $0.53 per share, in the second quarter of fiscal 2006.
Sales for the quarter increased 18.6% to $216.5 million from $182.5 million in the second quarter last year. Analysts were expecting sales of $202.23 million.
