BGFV’s net loss soared 108% to $17,250,000 to start the year from a loss of $8,286,000 in Q1, 2024, as revenues tumbled 9% to $175,647,000 from $193,427,000 and same store sales declined 7.8%. The retailer blamed macroeconomic headwinds affecting consumer discretionary spending, along with unfavorable weather that sent late-season winter gear sales down nearly 25%. But when the weather normalized in Mar., sales recovered, and comps were flat for the month, helped by an extra 300 basis points from Easter moving into Q2.

Hardgoods sales decreased 4.7%, apparel dropped 8.7%, and footwear ... Log in to view full article.