Goldsmith Income, Revenue Drop

Golfsmith International Holdings Inc. posted net income of $2.8 million for the third quarter, a decrease from net income of $4 million in the prior year.

The golf equipment direct marketer reported net revenue $101.7 million for the quarter ended Sept. 27, a 4.5% decrease from $106.5 million last year.

The Austin, TX firm reported that net revenue from the direct channel decreased 11.6%.