Sport Supply Group Losses Widen

Sport Supply Group Inc., a Dallas-based sporting goods direct marketer, reported a net loss of $1.1 million for the quarter ended Dec. 31, over a net loss of $560,103 for the same period last year.

Revenues for the quarter reached $19 million, a 28% increase over first quarter revenues of $14.9 million for the quarter ended Jan. 1, 1999.

First quarter gross profit grew 18% to $943.5 million. Gross margin for the quarter, was 33.3% as compared 36.3% for the same period last year.