(Total Views: 846)
Posted On: 05/22/2017 11:26:47 PM
Post# of 89322
$SPWH decrease in same store sales of 6.9%...
3% increase SG&A, The increase resulted primarily from $1.7 million of professional fees incurred in connection with our bid for certain inventory and other assets of Gander Mountain Company. Gander Mountain filed for Chapter 11 bankruptcy protection and we participated in a bankruptcy auction for the assets, but we ultimately chose not to continue in the auction.
We also expect 56 of our current stores to be impacted by minimum wage increases in fiscal year 2017 that will drive up our selling, general, and administrative costs during fiscal year 2017.
As of April 29, 2017, we had 66 stores included in our same store sales calculation.
From Item 2 MD&A
https://seekingalpha.com/filing/3559120#SPWH-...ION_126156
3% increase SG&A, The increase resulted primarily from $1.7 million of professional fees incurred in connection with our bid for certain inventory and other assets of Gander Mountain Company. Gander Mountain filed for Chapter 11 bankruptcy protection and we participated in a bankruptcy auction for the assets, but we ultimately chose not to continue in the auction.
We also expect 56 of our current stores to be impacted by minimum wage increases in fiscal year 2017 that will drive up our selling, general, and administrative costs during fiscal year 2017.
As of April 29, 2017, we had 66 stores included in our same store sales calculation.
From Item 2 MD&A
https://seekingalpha.com/filing/3559120#SPWH-...ION_126156
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