Sport-Haley, Inc. net sales for the fiscal third quarter were $4.7 million, an increase of 5% from net sales of $4.5 million in Q3 last year.

Net sales of Ben Hogan apparel totaled $2.4 million for the quarter, up 4% from $2.3 million last year. Net sales of SPORT HALEY women’s fashion apparel were $1.6 million for the quarter, decreasing approximately 17% from last year’s $1.4 million. The company believes that the “shrinking market for women’s fashion golf apparel appears to have bottomed out,” and as such anticipates that sales of women’s apparel will begin to “increase slightly” going forward. Sport-Haley’s operations are consolidated with the operations of Reserve Apparel Group LLC, which began shipping Top-Flite branded men’s golf apparel to Wal-Mart Stores, Inc. in March. Net sales of Top-Flite apparel for the quarter totaled $446,000.

Gross margins were flat against last year’s quarter at 37% of sales. SG&A expenses for the quarter were 43% of net sales for the quarter, a decrease of 500 basis points from 48% during the year-ago period.

Net loss for the quarter was $190,000, a improvement of $396,000, or 68%, when compared with a net loss of $586,000 for the comparable quarter in the prior fiscal year. Diluted loss per common share was 7 cents for the quarter, up from a loss of 23 cents last year.