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Golfsmith reports $1.38 million operating loss for Oct. 30-Nov. 26
By Caroline Salls
Pittsburgh, Jan. 6 – Golfsmith International Holdings, Inc. reported a $1.38 million operating loss for the period of Oct. 30 to Nov. 26 on $28.58 million in net revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Golfsmith posted a $3.38 million operating loss for the period of Oct. 2 to Oct. 29 on $21.38 million in net revenue.
The net loss for the latest period was $12.53 million, widening from an $8.01 million net loss for the previous period.
The company had $7.91 million in cash as of Nov. 26, up from $33,000 at Oct. 29.
Golfsmith, an Austin, Texas-based golf specialty retailer, filed bankruptcy on Sept. 15. Its Chapter 11 case number is 16-12033.
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