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Dec 29, 2019
Big 5 Q4 2019 Earnings Report
Big 5's Q4 2019 earnings were announced, revealing a slight decrease in net sales but an increase in gross profit compared to the previous year.
Key Takeaways
Big 5 Sporting Goods Corporation reported a decrease in net sales for the fourth quarter of fiscal year 2019, but net income increased. Same store sales decreased slightly, but gross profit increased due to higher merchandise margins.
Net sales for Q4 2019 were $244.1 million, compared to $247.1 million in Q4 2018.
Same store sales decreased by 0.6% in Q4 2019.
Gross profit for Q4 2019 increased to $77.0 million from $70.4 million in Q4 2018.
Net income for Q4 2019 was $0.4 million, or $0.02 per diluted share.
Forward Guidance
For the fiscal 2020 first quarter, the Company expects same store sales to decrease in the mid-to-high-single-digit range and expects to realize a loss per basic share in the range of $0.15 to $0.25.
Challenges Ahead
- The Company expects same store sales to decrease in the mid-to-high-single-digit range.
- The Company expects to realize a loss per basic share in the range of $0.15 to $0.25.
- Facing very challenging comparisons against extraordinary sales of winter-related products in the first quarter of 2019.
- Winter weather conditions have softened substantially over the course of the first quarter.
- Same store sales are currently running down approximately 10% compared to the approximately 10% increase that we experienced during the comparable period last year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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