Following the announcement of Dick’s Sporting Goods’ offer for the company, Big Foot did not provide the usual color in announcing Q1 results, reporting a net loss of $363 million that included $237 million of impairments and a $124 million tax valuation allowance write-off, both on an after-tax basis. Net income was $8 million a year ago, including $11 million in charges. In line with FL’s pre-announcement, first-quarter revenues slipped 5% to $1,794 million from $1,879 million, including a 2.6% negative comp, attributed to softer traffic trends globally.

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