Big Dog Holdings got a nice boost from the addition of The Walking Company doors in the third quarter, keeping overall comp store sales in positive territory.
Total BDOG consolidated same-store sales were up 4.1% for the period, with a healthy 13.1% comp sales increase at The Walking Company more than offsetting a 1.6% decline at the companys Big Dog doors. Total net sales were up 5.2% to $44.9 million in Q3, compared with $42.7 million in the year-ago period. The total sales line also got a lift from the addition of the seven-door Footworks chain acquired in August 2005.
The gross margin for the Big Dog business increased 240 basis points to 60.4% of sales, while margins at TWC rose 120 basis points to 50.9% of sales. Consolidated net income increased 37.9% to $1.8 million, or 18 cents per diluted share, compared to $1.3 million, or 13 cents per diluted share, in third quarter last year.
