Big 5 Sporting Goods Corp. posted a small loss in the second quarter ended July 2 as same-store sales dropped a worse-than-expected 12 percent in part due to cool weather impacting early spring selling. The California-based sporting goods chain generated positive EBITDA and earnings results were above the midpoint of its guidance range.
The loss of 1 cent a share compared with company guidance in the range of negative 10 cents to positive 5 cents. The 12 percent same-store decline compared with guidance calls for a same-store decrease in the high single-digit range.
For full details on the Big 5’s second quarter, including executive commentary from the analyst conference call, go here:
EXEC: Big 5 Unable to Overcome Slow Start to Summer Selling
Photo courtesy Big 5
