The healthy retail environment in the Canadian sporting goods market seems to be relatively broad-based, spanning from Hockey to Outdoor to Golf. Golf Town is taking advantage of this and has seen both top-line and bottom line increases for the second quarter of 2006. While total sales grew 14.7% to CA$82.1 million ($73.1 mm), comps were also strong, climbing 4.7% during the quarter. Margins also improved by 75 basis points to 36.15%, from 35.4%.
However, while there were improvements on the bottom line, it did not keep pace with sales. Net income climbed 2.2% to CA$10.1 million ($9.0 mm) from CA$9.8 million ($7.9 mm) during the same quarter last year. So far this year, Golf Town has opened new stores in Quebec City, Kitchener, Calgary, and Victoria.
