Friday, July 07, 2006

Golf Galaxy sees rise in June sales - Minneapolis/St. Paul Business Journal:

Golf Galaxy sees rise in June sales - Minneapolis/St. Paul Business Journal:: "Golf Galaxy sees rise in June sales
Minneapolis/St. Paul Business Journal - 1:31 PM CDT Thursday
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Golf retailer Golf Galaxy reported a 2.9 percent increase in stores open at least one year.
Net sales for the fiscal month ended July 1 rose 39 percent to $42.1 million, compared with $30.4 million the year before. The company's acquisition of The GolfWorks also contributed to this year's growth in net sales.


Randy Zanatta, CEO of Eden Prairie-based Golf Galaxy (Nasdaq:GGXY), said the company continued to see erratic sales and traffic patterns in June, which he attributed the 'challenging economic environment and a more cautious consumer.' "

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