Welcome to our dedicated page for Big 5 Sporting Goods news (Ticker: BGFV), a resource for investors and traders seeking the latest updates and insights on Big 5 Sporting Goods stock.
Big 5 Sporting Goods Corporation (BGFV) provides investors and industry observers with essential updates through this dedicated news hub. Access official press releases, financial disclosures, and operational developments from this specialty retailer focused on sporting goods and outdoor equipment.
This resource consolidates all BGFV-related announcements including quarterly earnings reports, store expansion updates, and product line expansions. Users benefit from organized access to strategic partnerships, leadership changes, and market positioning developments within the competitive sporting goods retail sector.
Content is updated continuously to reflect the company's latest financial performance, inventory initiatives, and consumer engagement strategies. For those monitoring BGFV's position in outdoor recreation markets or analyzing western U.S. retail trends, this page serves as a primary reference.
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Big 5 Sporting Goods (Nasdaq: BGFV) has announced the renewal of its credit facility with Bank of America. The new five-year agreement, extending through December 2029, provides a secured revolving credit facility with committed availability of up to $150 million, with potential increases of up to $50 million for a total of $200 million. The facility's interest rates will be based on SOFR rates or Bank of America's prime rate, plus margins ranging from 1.75% to 2.125% for SOFR loans and 0.75% to 1.125% for base rate loans. This renewal aims to provide financial flexibility for the company's operations in the current retail environment.
Big 5 Sporting Goods reported Q3 2024 financial results with net sales of $220.6 million, down from $239.9 million in Q3 2023. Same-store sales decreased 7.5% year-over-year. The company recorded a net loss of $29.9 million, or $1.36 per basic share, including a $21.8 million non-cash charge for deferred tax assets. Gross profit margin declined to 29.1% from 33.2% in the prior year. For Q4 2024, the company expects same-store sales between positive and negative low single digits, with projected net loss per basic share of $0.80 to $1.05.
Big 5 Sporting Goods (Nasdaq: BGFV), a leading sporting goods retailer, has announced that it will release its third quarter fiscal 2024 financial results on Tuesday, October 29, 2024, after the market close. The company will host a conference call to discuss these results and provide additional details at 2:00 p.m. Pacific Time on the same day.
Participants in North America can dial (877) 407-9039, while international participants can dial (201) 689-8470 to access the call. The call will also be broadcast live over the Internet and accessible through the company's website at www.big5sportinggoods.com. A webcast replay will be available for 30 days, and a telephonic replay will be accessible through November 5, 2024, by calling (844) 512-2921 with the passcode 13749066.
Big 5 Sporting Goods (Nasdaq: BGFV) reported financial results for Q2 2024. Net sales were $199.8 million, down from $223.6 million in Q2 2023, with same-store sales decreasing 9.9%. The company reported a net loss of $10.0 million, or $0.46 per basic share, compared to a net loss of $0.3 million in Q2 2023. Gross profit margin decreased to 29.4% from 32.2% last year. The Board has suspended the quarterly cash dividend due to macroeconomic challenges. For Q3 2024, the company expects same-store sales to decrease in the mid-single-digit range and projects a net loss per basic share between $0.15 and $0.35.
Big 5 Sporting Goods (Nasdaq: BGFV), a leading sporting goods retailer, has announced that it will release its second quarter fiscal 2024 financial results on Tuesday, July 30, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss the results and provide additional details.
Participants can access the call by dialing (877) 407-9039 in North America or (201) 689-8470 internationally. The call will also be broadcast live on the company's website at www.big5sportinggoods.com. A telephonic replay will be available through August 6, 2024, by calling (844) 512-2921 with passcode 13747712.
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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