Golf Galaxy's Recent Quarter Below Par for the Course

Golf Galaxy, Inc. (GGXY) reports increasing net income. But compared to last year's comparable quarter, same store sales are off dramatically, barely registering a fractional increase of less than 1%.

Additionally, the company's cash position has dropped dramatically in what you would expect to have been their best golf quarter seasonally.

Last but not least, the inventory position is up a dramatic 50%. This is a caveat emptor moment.

Webcast of yesterday's GGXY Earnings Conference Call

GGXY 1-yr chart:

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