Big 5 Sporting Goods Corp Stock Price, News & Analysis

Big 5 Sporting Goods (BGFV) reported strong financial results for FY 2020, with a full-year EPS of $2.58 and a fourth-quarter EPS of $0.95. The company ended 2020 with $64.7 million in cash and no debt, while net sales rose to $1.04 billion compared to $996.5 million in FY 2019. The firm also announced a 50% increase in its quarterly cash dividend to $0.15 per share. For Q1 FY 2021, Big 5 expects same-store sales to grow by 20% and EPS between $0.47 and $0.53, indicating continued momentum into the new fiscal year.

Big 5 Sporting Goods Corporation (BGFV) announced a new loan agreement with Bank of America, offering a secured revolving credit facility with up to $150 million in initial availability, potentially increasing to $200 million. The agreement, maturing in February 2026, reflects the company's debt-free status and $64.7 million cash balance as of fiscal 2020. CFO Barry Emerson emphasized the facility's importance for financial flexibility amid a dynamic retail environment. This replaces the previous financing arrangement, with further details to be filed with the SEC.

Big 5 Sporting Goods Corporation (Nasdaq: BGFV) will announce its fourth quarter and full year fiscal 2020 financial results on March 2, 2021, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT on the same day. Participants can join via phone or listen to a live webcast on the company's website. Big 5 operates 430 stores across the western U.S., offering a wide range of sporting goods, including athletic shoes, apparel, and outdoor equipment.

Big 5 Sporting Goods (Nasdaq: BGFV) reported strong financial results for the fiscal 2020 fourth quarter and full year, ending January 3, 2021. The fourth quarter saw net sales of $290.5 million, up from $244.1 million year-over-year, with same-store sales rising 10.5%. EPS for the fourth quarter is anticipated to be between $0.90 and $0.93, exceeding previous guidance. For the full fiscal year, net sales reached $1.04 billion, a 4.2% increase, with EPS expected in the range of $2.53 to $2.56. The company ended the year with $64.7 million in cash and no credit facility borrowings.

Big 5 Sporting Goods Corporation (Nasdaq: BGFV) announced that Steven G. Miller, Chairman and CEO, and Barry Emerson, Sr. VP and CFO, will present at the 23rd Annual ICR Conference from January 11-14, 2021. Their presentation is scheduled for January 13 at 12:30 PM ET. It will be broadcast live on the Company's website, with a replay available afterward. Big 5 operates 430 stores in the western U.S., offering a wide range of sporting goods including athletic shoes, apparel, and outdoor equipment.

Big 5 Sporting Goods reported a record third-quarter net income of $28.4 million or $1.31 per diluted share, marking significant growth from $6.4 million in the same period last year. Same-store sales increased 14.8%, and net sales rose to $305.0 million from $266.2 million. The gross profit margin improved to 36.1% due to higher merchandise margins and reduced costs. The company doubled its quarterly cash dividend to $0.10 per share and ended the quarter with zero borrowings and $55.7 million in cash.

Big 5 Sporting Goods Corporation (Nasdaq: BGFV) will release its third quarter fiscal 2020 financial results on October 27, 2020, after market close. A conference call to discuss these results is set for the same day at 2:00 p.m. Pacific Time. Participants can join by dialing in or accessing the live webcast via the company's website. Big 5 operates 431 stores across the western U.S., providing a diverse selection of sporting goods, including athletic shoes, apparel, and equipment.

Big 5 Sporting Goods Corporation (Nasdaq: BGFV) is set to announce its second quarter fiscal 2020 financial results on July 28, 2020, after market close. A conference call will follow at 2:00 p.m. PT, where participants can dial in or access the call live via the Company's website. Big 5 operates 431 stores across the western U.S., providing a wide range of sporting goods including apparel, equipment, and accessories. The call will also feature additional insights and a replay available until August 4, 2020.

Big 5 Sporting Goods (BGFV) reported Q1 fiscal 2020 results, revealing a net loss of $4.6 million or $0.22 per share, down from a $1.7 million profit last year. Net sales declined 11.3% to $217.7 million, with same-store sales dropping 10.8%. The COVID-19 pandemic forced temporary store closures, impacting performance. However, as stores reopened, sales trends improved, with a sequential sales increase noted in May. The company has enhanced financial flexibility through an increased credit facility and a disciplined expense reduction strategy amid ongoing pandemic challenges.