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Article Date: February 2017
Word Count: 529

Big 5 Sees Q4 Gains in Wake of Liquidations


Net income improved 80% to $7,694,000 from $4,275,000 for the final quarter ended Jan. 1, 2017 as sales fell 3% to $266,283,000 from $275,006,000 that were against an extra week in the prior year which added $15.5 million in sales. Comp store sales for the chain were up 3.1% for the final quarter. Doubtless facing the most competition from the bankruptcy liquidations of Sports Atrocity and Sport Chalet, BGFV managed to finish the FY with a 10% increase in net income to $16,886,000 from $15,297,000 on a 1% decline in sales against the 53-week year to $1,021,235,000 compared to $1,029,098,000 ... Log in to view full article.

 


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