Gart Sports Company reported that it expects to meet its prior earnings guidance for the fourth quarter 2002 of $1.03 per fully diluted share and full year 2002 of $1.86 per fully diluted share.
Total sales for the 13 weeks ended February 1, 2003, were $316.8 million compared with $316.0 million for the fourth quarter of fiscal 2001. Comparable store sales for the fourth quarter declined 3.2%.
Total sales for the 52-week fiscal year were $1,051.2 million compared with $935.7 million in the previous fiscal year. Comparable store sales for the year were flat.
The Company will announce its audited fourth quarter and fiscal year-end results on or about March 6, 2003.
