The red ink amounted to $248,000 against a profit of $2,778,000 in the second quarter ended Jul. 1 on total sales that dipped 2% to $239,951,000 from $243,671,000 including a 2.1% same store sales decline. BGFV shares dropped 15% in after-hours trading on the news of the unexpected loss. The quarter started off strong with comps up low-single-digits in Apr., then swung to negative low-single digits in May and negative mid-single digits in June. Sales of camping and water sports products were hurt by unseasonable weather conditions during Memorial Day, Father’s Day and the start of summer.

Apparel comped up low-single ... Log in to view full article.