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Article Date: August 2017
Word Count: 364

Big 5 Posts Q2 Gains Despite Hardgoods Weakness


Net income increased 31% to $2,778,000 from $2,124,000 in the second quarter ended Jul. 2 on a 1% sales gain to $243,671,000 from $241,409,000 and comp store sales that were up 0.8%. The evaporation of its two biggest competitors last summer is now cycling, so comps will be even more challenging going forward. BGFV shares slumped 17% on the lower-than-expected sales and weak guidance. Overall, results were impacted by poor sales of firearms, camping and water sports equipment, plus about 100 basis points of negative impact from the calendar shift for Easter and July 4 weekends. Same store sales were ... Log in to view full article.

 


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