June 11, 2008 / 11:13 AM / 9 years ago

Forzani swings to first-quarter loss

TORONTO, June 11 (Reuters) - Forzani Group FGL.TO, Canada’s largest sporting goods retailer, said on Wednesday it swung to a first-quarter loss, hurt in part by low inventories.

Forzani reported a net loss of C$2.9 million ($2.8 million), or 9 Canadian cents a share, compared with earnings of C$739,000, or 2 Canadian cents a share in the same quarter a year earlier. ($1=$1.02 Canadian) (Reporting by John McCrank; Editing by Scott Anderson)

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