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Big 5 Sporting Goods Corporation - BGFV STOCK NEWS

Welcome to our dedicated page for Big 5 Sporting Goods Corporation news (Ticker: BGFV), a resource for investors and traders seeking the latest updates and insights on Big 5 Sporting Goods Corporation stock.

Big 5 Sporting Goods Corp (symbol: BGFV) is a leading specialty retailer in the United States, focusing on name-brand sporting goods and accessories. With over 430 stores spread across 11 western states, the company offers a comprehensive range of products in a traditional sporting goods store format that typically measures around 11,000 square feet.

The company's product mix includes athletic shoes, apparel, and accessories, alongside a wide selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and seasonal sports. This extensive inventory caters to diverse recreational needs, making Big 5 a go-to destination for sports enthusiasts and outdoor adventurers alike.

Headquartered in El Segundo, California, Big 5 also operates a significant distribution center in Riverside, which services both its retail stores and e-commerce platform. This integrated supply chain ensures that customers receive their products efficiently, whether shopping in-store or online.

In recent updates, the company has declared a quarterly cash dividend of $0.05 per share, reflecting its commitment to returning value to shareholders. Additionally, for the fiscal 2024 second quarter, Big 5 projects a decrease in same-store sales in the high single-digit range compared to the same period in fiscal 2023. This forecast accounts for ongoing macroeconomic challenges impacting consumer spending.

Big 5's leadership team includes Barry Emerson, Executive Vice President and Chief Financial Officer, who is actively involved in communicating financial strategies and performance to stakeholders. For further insights, investors can contact Barry Emerson at (310) 536-0611 or Jeff Sonnek, Managing Director at ICR, Inc., at (646) 277-1263.

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Big 5 Sporting Goods reported a decrease in net sales and same store sales for the fiscal 2024 first quarter compared to the prior year. The company's gross profit margin decreased, leading to a net loss of $8.3 million. Despite lower sales, the company managed to decrease selling and administrative expenses. The company declared a quarterly cash dividend of $0.05 per share and provided guidance for the fiscal 2024 second quarter, expecting a net loss per basic share in the range of $0.40 to $0.55.

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Big 5 Sporting Goods , a leading sports retailer, will release its first quarter fiscal 2024 financial results on April 30, 2024. The Company will host a conference call to discuss these results and provide additional details.
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Big 5 Sporting Goods Corporation (BGFV) reported financial results for Q4 2023, showing a decrease in net sales and gross profit compared to the previous year. The company also declared a quarterly cash dividend of $0.05 per share, reflecting challenges in the macroeconomic environment. Despite efforts to manage expenses and optimize merchandise margins, the company reported a net loss for Q4 2023 and FY 2023. The company expects a decrease in same store sales for Q1 2024 and plans to open new stores while closing some existing ones.
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Big 5 Sporting Goods Corporation (BGFV) will announce its fourth quarter and full year fiscal 2023 financial results on February 27, 2024. The Company will host a conference call to discuss these results and provide additional comments and details.
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Big 5 Sporting Goods Corporation (BGFV) reported a decrease in net sales for the fiscal 2023 fourth quarter and full year ended December 31, 2023. The net sales for the fourth quarter were $196.3 million, a decrease from $238.3 million in the previous year. Same store sales also decreased by 17.7% compared to the previous year. The company's merchandise margins decreased by 43 basis points for the fourth quarter of fiscal 2023. The full-year net sales were $884.7 million, down from $995.5 million in fiscal 2022, with same store sales decreasing by 11.2%. The company expects a loss per basic share in the range of $0.38 to $0.40 for the fourth quarter and $0.30 to $0.32 for the full year. However, the company ended the fiscal year with no debt and a cash balance of $9.2 million, with total merchandise inventories decreasing by 7.8% compared to the prior fiscal year.
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Big 5 Sporting Goods Corporation (Nasdaq: BGFV) reported financial results for the fiscal 2023 third quarter. Net sales for the quarter were $239.9 million, a decrease from $261.4 million in the same quarter last year. Same store sales decreased by 8.2%. Gross profit was $79.6 million with a margin of 33.2%. Net income for the quarter was $1.9 million, or $0.08 per diluted share. The Company declared a quarterly cash dividend of $0.125 per share, reflecting a reduction from the previous rate of $0.25 per share. For the fiscal 2023 fourth quarter, the Company expects same store sales to decrease in the high single-digit to low double-digit range compared to the prior year's fourth quarter. The Company anticipates a net loss per share in the range of $0.20 to $0.35 for the fourth quarter.
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Big 5 Sporting Goods Corporation will announce third quarter fiscal 2023 financial results on October 31, 2023. The conference call to discuss these results is scheduled to begin at 2:00 p.m. Pacific Time.
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Big 5 Sporting Goods Corporation reported financial results for Q2 2023, with net sales of $223.6 million and a net loss of $0.3 million. Same store sales decreased by 12.0% compared to the same quarter last year. The company declared a quarterly cash dividend of $0.25 per share and expects a mid single-digit decrease in same store sales for Q3 2023.
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Big 5 Sporting Goods Corporation will announce second quarter fiscal 2023 financial results on August 1, 2023. The conference call to discuss these results will be held at 2:00 p.m. Pacific Time on the same day. Participants can access the call by dialing (877) 407-9039 (North America) or (201) 689-8470 (international). The webcast will be available on the Company's website for 30 days.
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FAQ

What does Big 5 Sporting Goods Corp specialize in?

Big 5 Sporting Goods Corp specializes in providing name-brand sporting goods and accessories through its retail stores and e-commerce platform.

How many stores does Big 5 operate?

Big 5 operates over 430 stores across 11 western states in the United States.

What is the size of a typical Big 5 store?

A typical Big 5 store averages approximately 11,000 square feet.

What products does Big 5 offer?

Big 5 offers athletic shoes, apparel, accessories, and a broad selection of outdoor and athletic equipment for various sports and recreational activities.

Where is Big 5 Sporting Goods Corp headquartered?

Big 5 Sporting Goods Corp is headquartered in El Segundo, California.

What recent financial news has Big 5 announced?

Big 5 has recently declared a quarterly cash dividend of $0.05 per share and provided guidance on expected same-store sales and net loss per share for fiscal 2024 second quarter.

Who is the current Chief Financial Officer of Big 5?

Barry Emerson is the current Executive Vice President and Chief Financial Officer of Big 5.

How can I contact Big 5 for investor relations?

You can contact Barry Emerson, EVP and CFO, at (310) 536-0611 or Jeff Sonnek, Managing Director at ICR, Inc., at (646) 277-1263.

What are the key challenges Big 5 is currently facing?

Big 5 is currently facing macroeconomic headwinds that are impacting discretionary consumer spending, which has influenced their sales projections.

Does Big 5 have an e-commerce platform?

Yes, Big 5 operates an e-commerce platform that complements its physical retail stores.

Big 5 Sporting Goods Corporation

Nasdaq:BGFV

BGFV Rankings

BGFV Stock Data

59.05M
22.62M
5.58%
39.56%
13.45%
Sporting Goods Stores
Retail Trade
Link
United States of America
EL SEGUNDO