Gander Mountain Posts Quarterly Profit

Gander Mountain Co. posted net income of $700,000 for the third quarter 2008 compared to a net loss of $5.1 million in the prior year.

The direct marketer and retailer reported sales of approximately $270 million for the quarter ended Nov. 1, a 4% increase over $260 million last year

The St. Paul, MN for posted direct segment sales of approximately $14.4 million for the quarter. There were no direct segment sales in the third quarter of fiscal year 2007, due to the acquisition of Overton