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Gander mountain duck call1/8/2024 ![]() ![]() As evidence of this we have reduced cash used in operations for the nine months by $55 million. So I am very encouraged by the potential here as we look forward to a considerably stronger approach in 2009.īob will give you more specifics on the numbers but having been hands-on at Gander Mountain for three months I want to underline that this company is implementing cultural and fiscal disciplines to improve financial performance and rationalize our cost structure. We are already seeing online traffic at at higher levels than Overton’s peak traffic and we are pleased with improvements in conversion rates as we build this business. was launched successfully on August 3 with a focused initial selection of over 11,000 SKUs and we distributed 2 million Gander Mountain catalogs in the third quarter. ![]() What we are calling our Gander direct business is the result of our purchase of Overton’s a year ago. This improvement results from cost reductions in both store operating and general and administrative expenses. On a sales decline of 1.6% our stores delivered retail segment net income of $3.7 million compared to a net loss of $5.1 million for the comparable quarter of fiscal 2007, an improvement of $8.8 million, and the reduction in retail segment SG&A costs of $7.9 million or 272 basis points as a percentage of sales in the third quarter of fiscal 2008. I am particularly pleased with the performance of our retail segment despite the unprecedented tough economic environment for retailers. I am pleased with the progress we have made this quarter in both our operating segments.įirst. Bob will review our financial results and then I will offer my perspective on Gander Mountain’s current activities and outlook. With me on the call today is Bob Vold our CFO. Thank you for taking the time to listen to our remarks around our most recent quarterly results and the actions we are taking to build on the strong base at Gander Mountain. I’m David Pratt, Chairman and CEO of Gander Mountain. Let me now turn the call over to David Pratt. We undertake no obligation to update them in light of new information or future events. These reports are available at the Investor Relations section of our website at and at the SEC’s website at We caution you that forward-looking statements reflect our current views with respect to future events and speak only as of the time they are made. Additional information concerning important factors that could cause our actual results to differ materially from these forward-looking statements are described in the Risk Factors section of our annual report on Form 10K as filed with the Securities and Exchange Commission as well as in our subsequent reports filed with the SEC. Our actual results could differ materially from those projected in any forward-looking statement. Please remember that our discussion today may include forward-looking statements relating to our estimates and expectations that involve risks and uncertainties. The transcript of this call will be posted under archives in the Investor Relations section of our website. A transcript of the call is also available online. The replay of this call and related materials about the quarter are available on the Gander Mountain website at We have changed the format for our call this quarter by offering a recorded message that can be called up from our website or downloaded to a player. I am Eric Jacobson, General Counsel of Gander Mountain. Welcome to the Gander Mountain third quarter earnings call for fiscal year 2008. Vold - Chief Financial Officer, Senior Vice President, Treasurer Pratt - Chairman of the Board, Chief Executive Officer Jacobsen - Senior Vice President, General Counsel, Secretaryĭavid C. Gander Mountain Company ( GMTN) F3Q08 Earnings Call Decem5:00 PM ETĮric R. ![]()
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