Big 5 Says Q4 Results at Top End of Guidance
The West Coast retailer, perhaps the most direct beneficiary of the shutdown of Sports Atrocity and Sport Chalet, said comp store sales for the final quarter ended Jan. 1 rose 3.1% with a 70 b.p. expansion in merchandise margins. Actual sales will be $266.3 million for the 13-week period this year compared to $275.0 million for the 14-week period last year with EPS for the quarter at $0.34-35 ($7.6 mm), within the range of $0.25-35 per share in its guidance and including a $0.01 gain on a tax benefit. The results were above last year’s $0.20 per share in a ... Log in to view full article.