{"id":519446,"date":"2010-04-07T09:53:00","date_gmt":"2010-04-07T13:53:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:419789"},"modified":"2010-04-07T09:53:00","modified_gmt":"2010-04-07T13:53:00","slug":"forzani-group-shares-rise-on-results","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/519446","title":{"rendered":"Forzani Group shares rise on results"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=FGL&amp;id=32813\" >Forzani Group Ltd.<\/a> shares are up close to 5% in early trading Wednesday morning after the sporting goods retailer reported solid earnings results for its fiscal 2010 fourth quarter.\n<\/p>\n<p>On Tuesday after market close, Forzani reported earnings per share of 75\u00a2 on revenues of $372.9-million, versus last year\u2019s EPS of 80\u00a2 on sales of $380.8 million. Consensus estimates were for earnings of 73\u00a2 per share.&nbsp;\n<\/p>\n<p>&quot;This was an impressive performance given that the ski, snowboard and outerwear business was challenged by an unusually warm and dry winter in much of the country,&quot; said Keith Howlett, a Desjardins Securities analyst.&nbsp; <\/p>\n<p>He increased his price target to $18 from $16 and left his Buy rating unchanged.&nbsp;<\/p>\n<p>Robert Gibson, an analyst at Octagon Capital, maintained his $17.50 price target and Buy recommendation, as results met his expectations.&nbsp;<\/p>\n<p>He forecasted an increase in Forzani&#39;s margins over the next three years to 36% from 35.3%, and a decline in corporate store costs as a percentage of sales to 27.2% from 28.6%.<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett <\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=419789\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forzani Group Ltd. shares are up close to 5% in early trading Wednesday morning after the sporting goods retailer reported solid earnings results for its fiscal 2010 fourth quarter. On Tuesday after market close, Forzani reported earnings per share of 75\u00a2 on revenues of $372.9-million, versus last year\u2019s EPS of 80\u00a2 on sales of $380.8 [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-519446","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=519446"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519446\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=519446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=519446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=519446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}