Sales Slip at Gander Mountain

Second-quarter sales for outdoor products merchant Gander Mountain fell 1.8%, to $248.4 million, from $252.9 million. The net loss was $7.3 million, compared to a net loss of $4.9 million in the second quarter last year.

Gander Mountain’s retail sales decreased 1.1%, to $210.8 million. Direct sales dropped 5.4%, to $37.6 million, from $39.7 million. Same-store sales fell 2.4%.

The firearms, ammunition, hunting accessories, fishing, marine and camping categories all experienced same-store sales gains in the quarter.

Gander Mountain substantially completed its withdrawal from the boat, ATV and power sport services categories during the quarter. Excluding the negative 4.2% impact from these categories, overall same-store sales improved 1.8%.

Retail net loss was $9.1 million, compared to a retail net loss of $6.8 million for the second quarter of last year. Gander’s net income for the direct segment was $1.7 million for the quarter, compared with net income of $2.0 million for the second quarter of last year.

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