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Jun 30, 2024
Big 5 Q2 2024 Earnings Report
Second quarter results were consistent with guidance, but impacted by inflationary pressures
Key Takeaways
Big 5 Sporting Goods Corporation reported a net sales decrease to $199.8 million compared to $223.6 million in the same quarter last year. The company experienced a net loss of $10.0 million, or $0.46 per basic share, compared to a net loss of $0.3 million, or $0.01 per basic share in the second quarter of fiscal 2023. Same store sales decreased 9.9%.
Net sales for the fiscal 2024 second quarter were $199.8 million, compared to $223.6 million for the second quarter of fiscal 2023.
Same store sales decreased 9.9% for the second quarter of fiscal 2024.
Net loss for the second quarter of fiscal 2024 was $10.0 million, or $0.46 per basic share.
The Company’s Board of Directors has proactively suspended the quarterly cash dividend.
Forward Guidance
For the fiscal 2024 third quarter, the Company expects same store sales to decrease in the mid single-digit range compared to the fiscal 2023 third quarter. Fiscal 2024 third quarter net loss per basic share is expected in the range of $0.15 to $0.35, which compares to fiscal 2023 third quarter net income per diluted share of $0.08.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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