Gander Mountain Company (GMTN) Announces Record Sales for Fiscal 2008 Fourth Quarter
Today before the opening bell, Gander Mountain Company reported its preliminary results for the fiscal fourth quarter ended January 31, 2009. The company anticipates announcing record fiscal 2008 fourth quarter consolidated sales of approximately $333 million versus consolidated sales of $318 million for the fourth quarter of the previous year. Retail segment net income is also expected to hit record highs, totaling $23 million compared to net income of $7 million for the fourth quarter last year, a 328% increase. According to the press release, the substantial improvement resulted mainly from increased product margins and decreased SG&A costs. David C.…