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Article Date: January 2018
Word Count: 486

Big 5 Reports Weak Q4 on Soft Winter Business

Same store sales plummeted 9.4% against a 3.1% increase last year for the final quarter ended Dec. 31, the retailer said in a preliminary announcement of its results, and it expects to record a loss of $0.08-13 per share ($2.3 mm) for the period as dry, warm weather in its Western markets saw nearly a 50% decline in winter sports sales for the period. The guidance doesn’t reflect charges, expected to be $5-6 million, on its deferred tax assets as a result of the new tax law as well as a potential asset impairment charge on a small number of ... Log in to view full article.


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