Big 5 Sporting Goods Corporation reported net sales of $196.3 million for the fiscal 2023 fourth quarter ended December 31, compared to net sales of $238.3 million for the fourth quarter of fiscal 2022. Same-store sales decreased 17.7 percent for the fourth quarter 2023 compared to the fourth quarter of fiscal 2022.
Net loss for the 2023 fourth quarter was $8.9 million, or a loss of 41 cents per basic share, including a 2 cents per share store asset impairment charge, which was not reflected in the company’s guidance for the quarter. This compares to net income of $1.7 million, or 8 cents per diluted share in the fourth quarter of fiscal 2022.
Adjusted EBITDA was negative $8.7 million for the fourth quarter, compared to EBITDA of $6.9 million in the prior-year comp quarter.
See below for more of SGB Media’s detailed coverage of Big 5’s fourth quarter and year ahead:
EXEC: Big 5 CEO Talks Efforts to Offset One-Two Punch from Weather and Economy
