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Golfsmith reports $1.46 million operating loss for Jan. 29 to Feb. 25
By Caroline Salls
Pittsburgh, April 5 – Golfsmith International Holdings, Inc. reported a $1.46 million operating loss for the period of Jan. 29 to Feb. 25 on negative $3,000 in net revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
By comparison, Golfsmith posted a $2.17 million operating loss for the period of Jan. 1 to Jan. 28 on $5,000 in net revenue.
The net loss for the latest period was $2.12 million, improved from a $7.78 million net loss for the previous period.
The company had $12.93 million in cash as of Feb. 25, down from $16.53 million at Jan. 28.
Golfsmith, an Austin, Texas-based golf specialty retailer, filed bankruptcy on Sept. 15, 2016. Its Chapter 11 case number is 16-12033.
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