For the second quarter, Sportsman’s Guide, Inc. reported net sales of $69.2 million, an increase of 8.6% from $63.8 million during the year-ago period. Sales at The Sportsman’s Guide increased 8.4% to $46.8 million, while sales at The Golf Warehouse increased 8.9% to $22.4 million.
Gross margin decreased 40 basis points to 30.1% of net sales from 30.5% last year.
Operating income at The Sportsman Guide decreased 53.2% to $977,000 from $2.1 million last year, while at The Golf Warehouse, operating earning increased 8.2% to $2.0 million.
For the company as a whole, net income fell 20.2% to $2.0 million from $2.5 million last year. Diluted earnings per share were 24 cents in the quarter, down from 31 cents in the year-ago period.
