Sport Chalet Inc. said earnings will miss analyst expectations for its fiscal fourth quarter, primarily because unseasonably warm and dry weather has dampened demand for snowboards, skis and other winter goods at its stores.
Total sales during January and February were down 1.1% from the year-ago period, and sales at stores open at least a year plunged 8.8%, it said. Excluding winter goods, same-store sales were up 4.1% in the two-month period.
