Financial reports: Sport Supply Group, Collegiate Pacific

Sport Supply Group reports profit

Dallas-based Sport Supply Group (OTCBB: SSPY), which markets sporting goods to institutions and youth organizations, suffered a 7% decline in third-quarter sales. Nonetheless, the company was able to turn around last year’s lost and post a profit for the quarter. For the three months ended Sept. 27, Sport Supply Group has net earnings of $22,225 on net sales of $26.1 million. For the comparable period of last year, the company lost $321,461 on sales of $28.2 million.

The company attributes the revenue shortfall to a soft school sales. But in a statement, president John Walker said, “We are seeing a noticeable increase in the government and school sectors, and we remain optimistic that the interruption to our markets as a result of last year’s events may be beginning to subside.”

Collegiate Pacific scares up sales and earnings gains Citing a 26% increase in sales and the benefits of its operating leverage, athletic equipment marketer Collegiate Pacific (Amex: BOO) reported an 88% rise in first-quarter net income. For the three months ended Sept. 30, the company had income of $279,000 on sales of $4.8 million. For the previous fiscal first quarter, net income was $148,000 on revenue of $3.8 million.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.