Preview - Please log in to view full article.

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.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.