Sport Chalet, Inc. (SPCHA) news stock charts
Sport Chalet, Inc. (SPCHA) Investment Summary:
Sport Chalet, Inc. (referred to as the “Company,” “Sport Chalet,” “we,” “us,”
and “our” unless specified otherwise), is a leading operator of 45 full-service,
specialty sporting goods stores in California, Nevada and Arizona. As of April
1, 2007, we had 32 locations in Southern California, seven in Northern
California, one in Central California, two in Nevada and three in Arizona. These
stores average approximately 40,000 square feet in size. In addition, we operate
a retail e-commerce store through GSI Commerce, Inc. at www.sportchalet.com.
Originally we were incorporated in California and we reincorporated as a
Delaware corporation in 1992. Our executive offices are located at One Sport
Chalet Drive, La Cañada, California 91011, and our telephone number is (818)
949-5300.
Operating History and Growth Plans
In 1959, Norbert Olberz, our founder (the “Founder”), purchased a small ski and
tennis shop in La Cañada, California. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f06%2f13%2f0001144204-07-031529.html#FIS_BUSINESS"
www.sportchalet.com
3,200 Employees
Founded in 1959
SPORT CHALET INC-CLASS A (SPCHA:NASDAQ)
As of 9:51 AM 03/15/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of SPORT CHALET INC-CLASS A (SPCHA)
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OPEN
$2.65
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PREVIOUS CLOSE
$2.59
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DAY HIGH
$2.65
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DAY LOW
$2.65
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52 WEEK HIGH
12/10/09 - $2.92
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52 WEEK LOW
03/31/09 - $0.15
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MARKET CAP
38.5M
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AVERAGE VOLUME 10 D
29.1K
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EPS TTM
--
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SHARES OUTSTANDING
12.4M
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SPCHA Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions |
Key developments for SPORT CHALET INC-CLASS A (SPCHA)
Sport Chalet Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 27, 2009; Announces Impairment Charges
02/3/2010
Sport Chalet Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 27, 2009. For the quarter, the company reported $3.8 million compared to $32.4 million for the same period a year ago. Sales decreased 8.9% to $95.3 million from $104.6 million for the third quarter of fiscal 2009. The decrease is primarily due to a same store sales decrease of $10.9 million or 10.8%, primarily the result of continued macro-economic weakness and, to a lesser extent, competitors' unusual promotional activity in Southern California market, partially offset by sales from two new stores and other revenue not included in the same store sales calculation. Net loss was $3.8 million or $0.27 per diluted share compared to net loss of $32.4 million or $2.29 per diluted share for the quarter ended December 28, 2008. Loss from operations was $12.1 million compared to $20.2 million for the same period a year ago. Loss before taxes was $12.92 million compared to $20.8 million for the same period a year ago. For the first nine months ended December 27, 2009, the company achieved EBITDA of $6.2 million compared to the minimum requirement of $5.6 million EBITDA contained in the company's current bank loan agreement. Sales decreased 8.6% to $263.5 million from $288.1 million for the first nine months of the prior year. The decrease is primarily due to a same store sales decrease of $34.8 million, or 12.7%, the result of continued weak macro-economic conditions, partially offset by sales from four new stores and other revenue not included in the same store sales calculation. Net loss was $8.0 million or $0.57 per diluted share compared to net loss of $41.1 million, or $2.91 per diluted share for the nine months ended December 28, 2008. Loss from operations was $15 million compared to $33.7 million for the same period a year ago. Loss before taxes was $17.1 million compared to $35.3 million for the same period a year ago. Net cash used in operating activities was $7.53 million compared to $14.5 million for the same period a year ago. Purchase of fixed assets was $623,000 compared to $14.4 million for the same period a year ago. For the third quarter of fiscal 2010, the company recorded a non-cash impairment charge of $10.9 million compared to $10.7 million for the third quarter of fiscal 2009, related to certain stores.
Sport Chalet Inc. expected to Report Fiscal Year 2010 Results on June 21, 2010. This event was calculated by Capital IQ (Created on February 3, 2010).
02/3/2010
Sport Chalet Inc. expected to Report Fiscal Year 2010 Results on June 21, 2010. This event was calculated by Capital IQ (Created on February 3, 2010).
Sport Chalet Inc. Presents at 46th Annual NSGA Management Conference & 12th Annual Team Dealer Summit, May-03-2010
01/31/2010
Sport Chalet Inc. Presents at 46th Annual NSGA Management Conference & 12th Annual Team Dealer Summit, May-03-2010. Venue: Saddlebrook Resort, Tampa, Wesley Chapel, Florida, United States. Speakers:
Craig
Levra,
Chairman & CEO.
Sport Chalet, Inc. financial resources
SPCHA Competitors
| Company |
Last |
Change |
| Big 5 Sporting Goods Corp |
$15.58 USD |
-0.13 |
| Cabela's Inc |
$16.74 USD |
-0.27 |
| Dick's Sporting Goods Inc |
$25.80 USD |
-0.20 |
| Finish Line Inc/The |
$13.78 USD |
-0.04 |
| Zumiez Inc |
$18.71 USD |
-0.30 |
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| Market data is delayed at least 15 minutes. |
Industry Analysis
| Valuation |
SPCHA |
Industry Range |
| Price/Earnings |
NM |
Not Meaningful
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| Price/Sales |
0.1x |
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| Price/Book |
1.9x |
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| Price/Cash Flow |
NM |
Not Meaningful
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| TEV/Sales |
NM |
Not Meaningful
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More Recent Financial News About Sport Chalet, Inc.
Sport Chalet Reports Third Quarter Fiscal 2010 Results
2010-02-15 01:45:07
Quote:  Our outstanding team of Experts will continue cost containment efforts and focus on improving top line performance and earnings.â€About Sport Chalet, Inc.www.sportchalet.com.Disclosure Regarding Forward-Looking StatementsExcept for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including any statement concerning the Company’s prospe...
Read articleSPORT CHALET INC Files SEC form 10-Q, Quarterly Report
2010-02-09 02:25:28
Quote: Actual results may differ materially from those
suggested by forward-looking statements as a result of risks and uncertainties
which are discussed in further detail under "- Factors That May Affect Future
Results" and "Risk Factors." We do not assume, and specifically disclaim, any
obligation to update any forward-looking statements, which speak only as of the
date made.
The following should be read in conjunction with the Company's financial
statements and related notes ther...
Read articleSPORT CHALET INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2010-02-08 03:23:12
Quote: Item 2.02 Results of Operations and Financial Condition.
On February 3, 2010, Sport Chalet, Inc. (the "Company") issued a press release
announcing its financial results for the quarter ended December 27, 2009. A copy
of the press release is attached as Exhibit 99.1 to this Report and is
incorporated herein by this reference.
The information furnished in Item 2.02 of this Report, including the exhibits
incorporated by reference, will not be treated as "filed" for the purposes...
Read articleSport Chalet Reports First Quarter Fiscal 2010 Results
2010-01-25 01:46:04
Quote: The $2.3 million achieved above the minimum EBITDA requirement in the first quarter of fiscal 2010 can be used to offset any future shortfalls during the remainder of fiscal 2010.
Craig Levra, Chairman and CEO of Sport Chalet, stated, "We continue to closely manage our business as we navigate this challenging economic climate. We are pleased with the progress we have made to date with the initiatives implemented in the last year which were outlined in our press release dated June 29, 2009. Thes...
Read articleSport Chalet Reports Continued Progress On Initiatives to Improve Financial Performance
2010-01-25 01:46:04
Quote: SPCHANews;SPCHBNews) today announced that the Company has seen continued progress on its initiatives to improve its financial performance and return the Company to profitability.
Following a comprehensive review beginning in October 2008 of the Company's financial performance in light of the continued economic downturn in Sport Chalet's core markets (California, Nevada, Arizona, and Utah), the Company has taken a number of actions and implemented several corporate initiatives in an attempt to i...
Read articleSport Chalet Reports Second Quarter Fiscal 2010 Results
2010-01-25 01:46:03
Quote: Though global economic conditions continue to be very challenging, we remain committed to our strategy of providing 'expert' advice and customer service and be first to market with performance, technology and lifestyle merchandise."
About Sport Chalet, Inc.
www.sportchalet.com.
Disclosure Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Secu...
Read articleSPORT CHALET INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2009-11-30 07:37:00
Quote: Item 2.02 Results of Operations and Financial Condition.
On August 5, 2009, Sport Chalet, Inc. (the "Company") issued a press release
announcing its financial results for the quarter ended June 28, 2009. A copy of
the press release is attached as Exhibit 99.1 to this Report and is incorporated
herein by this reference.
The information furnished in Item 2.02 of this Report, including the exhibits
incorporated by reference, will not be treated as "filed" for the purposes of
S...
Read articleSPORT CHALET INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
2009-11-30 07:37:00
Quote: Item 7.01 Regulation FD Disclosure.
On June 29, 2009, Sport Chalet, Inc. (the "Company") issued a press release
regarding the progress the Company has made on its corporate initiatives. A copy
of the press release is attached as Exhibit 99.1 to this Report and is
incorporated herein by this reference.
The information furnished in Item 7.01 of this Report, including the exhibits
incorporated by reference, will not be treated as "filed" for the purposes of
Section 18 of the S...
Read articleSPORT CHALET INC Files SEC form 8-K, Change in Directors or Principal Officers
2009-11-30 07:36:59
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Option Exchange Program
On September 15, 2009, the stockholders of Sport Chalet, Inc. (the "Company")
approved a proposal to authorize a one-time stock option exchange offer (the
"Option Exchange") by the Company.
Under the Option Exchange, each eligible employee, excluding the Chief Executive
Officer, Chief Financial...
Read articleSPORT CHALET INC Files SEC form 10-Q, Quarterly Report
2009-11-30 07:36:59
Quote: Actual results may differ materially from those
suggested by forward-looking statements as a result of risks and uncertainties
which are discussed in further detail under "- Factors That May Affect Future
Results" and "Risk Factors." We do not assume, and specifically disclaim, any
obligation to update any forward-looking statements, which speak only as of the
date made.
The following should be read in conjunction with the Company's financial
statements and related notes ther...
Read articleSPORT CHALET INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2009-11-30 07:36:59
Quote: Item 2.02 Results of Operations and Financial Condition.
On November 4, 2009, Sport Chalet, Inc. (the "Company") issued a press release
announcing its financial results for the quarter ended September 27, 2009. A
copy of the press release is attached as Exhibit 99.1 to this Report and is
incorporated herein by this reference.
The information furnished in Item 2.02 of this Report, including the exhibits
incorporated by reference, will not be treated as "filed" for the purpose...
Read article
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