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Forzani Group Ltd.

12:24 PM EST - Forzani Group Ltd. : reported net income for the fourth quarter of $22.92 million or $0.75 per share, compared to $24.23 million or $0.80 per share in the year-ago quarter. Total revenues for the quarter decreased to $372.92 million from $380.81 million in the prior-year quarter. FGL's fiscal 2010 fourth quarter same-store sales decline of 3.1% was the result of the impact that unseasonably warm weather had on sales of winter categories. Forzani Group Ltd. shares T.FGL are trading up $0.69 at $15.86.