The Forzani Group Ltd./Le Groupe Forzani Ltee
TSX : FGL

The Forzani Group Ltd./Le Groupe Forzani Ltee

September 20, 2005 07:00 ET

Forzani's Reports Strong 'Back to School'

CALGARY, ALBERTA--(CCNMatthews - Sept. 20, 2005) - The Forzani Group Ltd. (TSX:FGL) today reported strong sales and margins for the fiscal 2006 "Back to School" selling season. Retail system sales for the six-week period ended September 11, 2005 increased 20% over the same period last year. Exclusive of the impact of the current year addition of Nevada Bob's and National Sports, retail system sales were up 8.4%.

Overall comparable store sales for the six-week period increased 5.0% (fiscal 2005 - a decrease of 3.9%). Corporate comparable store sales were up 4.7 % (fiscal 2005 - a decrease of 6.2%), while the franchise network enjoyed solid results for the same period, with comparable store sales up 5.6% (fiscal 2005 - an increase of 2.0%). Corporate store margins rebounded strongly, as expected, and were considerably higher than the prior year, driven by the Sport Chek banner.

The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under four corporate banners: Sport Chek, Coast Mountain Sports, Sport Mart and National Sports. The Company also retails on-line at www.sportmart.ca and provides a content rich sporting goods information site at www.sportchek.ca. The Forzani Group is also a franchisor under the banners: Sports Experts, Intersport, RnR, Econosports, Atmosphere, Tech Shop and Nevada Bob's Golf.

The foregoing information may contain forward-looking statements relating to the future performance of The Forzani Group Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. The Company, in compliance with the reporting requirements of the various securities commissions, details these risks and uncertainties from time to time.

Contact Information

  • The Forzani Group Ltd.
    Robert Sartor, C.A.
    Chief Executive Officer
    (403) 717-1342
    or
    The Forzani Group Ltd.
    Bill Gregson, C.A.
    President & Chief Operating Officer
    (403) 717-1386