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Big 5 Q1 2025 Earnings Report
Big 5 Sporting Goods Corporation reported its financial results for the first quarter ended March 30, 2025.
Key Takeaways
Big 5 Sporting Goods Corporation reported a net loss of $17.3 million for the first quarter of fiscal 2025, with net sales of $175.6 million, reflecting a decrease compared to the prior year. The company's gross profit margin was 30.9%, and same store sales decreased by 7.8%.
Net sales for Q1 2025 were $175.6 million, down from $193.4 million in Q1 2024.
The company experienced a net loss of $17.3 million, or $0.78 per basic share, in Q1 2025, compared to a net loss of $8.3 million, or $0.38 per basic share, in Q1 2024.
Gross profit margin was 30.9% in Q1 2025, a slight decrease from 31.2% in Q1 2024.
Same store sales decreased by 7.8% in Q1 2025 compared to the same period last year.
Big 5
Big 5
Forward Guidance
For the fiscal 2025 second quarter, the Company expects same store sales to be down in the low to mid-single digit range and anticipates a net loss per basic share in the range of $0.75 to $0.90, with no tax benefit.
Positive Outlook
- Anticipates benefiting from fresh seasonal spring and summer product.
- Focused on delivering value to price-conscious consumers.
- Maintaining disciplined operational execution.
- No new stores are expected to open in fiscal 2025.
- The company expects to close approximately seven additional stores during the remainder of fiscal 2025 to optimize its store base.
Challenges Ahead
- Expects ongoing macroeconomic headwinds to affect consumer discretionary spending.
- Challenging weather conditions impacted winter-related sales early in the quarter.
- Anticipates customer base will remain challenged over the balance of the second quarter.
- Combined negative impact of calendar shifts associated with Easter and Fourth of July holidays.
- Fiscal 2025 second quarter net loss per basic share is expected to reflect no tax benefit.