AddThis

Golfsmith 2Q Profit Up 26%

Austin, Texas Golfsmith International Holdings said second-quarter profit rose 26% to $8.6 million from $6.8 million last year.

Revenue rose 4% to $130 million from $125 million in the same quarter last year. It was boosted by sales in 12 stores opened in fiscal 2007.

Same-store rose 0.5%. Catalog and Internet sales fell 10%.

"Looking ahead, we will continue to focus on controlling our expenses and managing our inventory," Martin Hanaka, chairman and chief executive, said in a statement. "While we are planning conservatively for the second half, we continue to expect our 2008 earnings to show meaningful improvement compared to 2007."

© 2014