Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.4% primarily due to lower margins from Government, Bid and Team Dealer sales. Bookings increased 28% during the period.
Since March, the company has seen its Accounts Receivable decrease 32% and inventories rise 13.2%. SSG reduced its bank debt by $3.5 million from the beginning of the fiscal year.
