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Oct 03, 2021
Big 5 Q3 2021 Earnings Report
Big 5's third quarter 2021 earnings were announced, revealing a slight decrease in net sales and earnings per share compared to the previous year, but still showing strong results compared to pre-pandemic levels.
Key Takeaways
Big 5 Sporting Goods Corporation reported net sales of $289.6 million and earnings per diluted share of $1.07 for the third quarter of fiscal year 2021. While net sales decreased compared to the third quarter of fiscal 2020 due to a calendar shift, same store sales decreased by 0.7% year-over-year but increased 13.2% compared to the third quarter of 2019. The company declared a special cash dividend of $1.00 per share and a regular cash dividend of $0.25 per share.
EPS for Q3 2021 was $1.07.
A special cash dividend of $1.00 per share was declared.
A regular cash dividend of $0.25 per share was declared.
Same store sales decreased 0.7% compared to the prior year but increased 13.2% compared to the third quarter of 2019.
Forward Guidance
For the fourth quarter of fiscal 2021, the company expects same store sales to range from negative low-single digits to positive low-single digits, with earnings per diluted share between $0.55 and $0.70.
Positive Outlook
- Same store sales expected to increase approximately 10% versus the fiscal 2019 fourth quarter at the midpoint of guidance.
- Company is well positioned to produce fourth quarter results that significantly exceed pre-pandemic levels.
- Continuing to see strength across a broad array of categories in the fourth quarter to date.
- The guidance assumes that any new conditions relating to the COVID-19 pandemic will not materially impact the company’s operations during the period.
- Expected year-end store count of 431 stores.
Challenges Ahead
- Same store sales expected to be in the range of negative low-single digits to positive low-single digits.
- Earnings per diluted share expected to be in the range of $0.55 to $0.70.
- October is historically a low volume month.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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