gander mountain

gander mountain

Gander Mountain Company (www.GanderMtn.com) (Nasdaq: GMTN), the nation's largest retail network of stores for hunting, fishing, camping, and marine products and services and outdoor lifestyle apparel and footwear, today announced results for the fourth quarter and fiscal year ended January 31, 2009. In addition, a pre-recorded call offering additional comments on the quarter will be available to all investors on the company's Website at www.GanderMtn.com, both as a webcast and in the form of a transcript. An archived webcast and transcript will remain available on the company's Website for approximately 90 days. Fourth Quarter 2008:

Gander Mountain's fiscal fourth quarter 2008 results included record consolidated sales of $334.1 million compared to consolidated sales of $317.6 million for the fourth quarter of fiscal 2007, a 5.2 percent increase. Retail segment sales for the fourth quarter were $322.0 million, an increase of $10.0 million or 3.2 percent, as compared to the fiscal 2007 fourth quarter. Direct segment sales were $12.1 million for the quarter, compared to $5.5 million for the same quarter last year. The increase in Direct segment sales resulted primarily from the startup of the new Gander Direct internet and catalog operations in the third quarter of fiscal 2008 and the inclusion of Overton's, acquired in December 2007, for the full quarter in fiscal 2008.