Sport Chalet anticipates increased Q2 sales
Comparable store sales for the second quarter are expected to decline in the range of 2-3%. Sport Chalet anticipates its second quarter earnings per diluted share to range between breakeven and $0.02 when compared to earnings per diluted share of $0.12 in the prior year's second quarter. Chairman and CEO Craig Levra said: "We are disappointed in our performance in the second quarter. We have experienced uneven sales across our store base during the quarter. As we entered the year, we planned for a certain level of sales pressure on select mature stores as a result of our backfilling strategy as well as from competition entering our markets. However, this sales pressure has been prolonged and exacerbated by softer than expected consumer trends, particularly in Southern California."