Big 5 Sporting Goods Corp., the El Segundo-based sporting goods retailer, said it is teaming with mobile coupon provider Yowza!! to offer savings to consumers. Yowza!! will send Big 5 coupons directly to people's cell phones in the 12 Western states where the sports retailer has stores.
Big 5 announced its fiscal results for the third quarter of 2010, posting sales of $231.8 million, up from $231.6 million the year before. Its net income, on the other hand, was $6.8 million, a decrease from the previous year's $8.0 million.
Big 5 Sporting Goods Corporation announced it has entered into a new credit agreement, arranged by Wells Fargo Capital Finance, with Wells Fargo Bank, as Administrative Agent and Collateral Agent, Bank of America, as Documentation Agent, PNC Bank and Union Bank
For the fiscal 2010 second quarter, Big Five reported net sales of $219.8 million, an increase from net sales of $216.0 million in 2009.
Big 5 announced its figures for the first quarter of 2010, citing net sales of $218.5 million, up from $210.3 million in 2009. Net income for the first quarter of fiscal 2010 improved to $5.0 million from $2.8 million in 2009.
Director, President & CEO of Big 5 Sporting Goods Corp. Steven G Miller sold 8,000 shares of BGFV at an average price of $15.24 a share.
Big 5 announced its Q4 results, in which net sales were $237.6 million, up from $219.6 million in Q4 2008. For the full fiscal 2009 year, its net sales were $895.5 million, a 3.6% increase from the $864.7 million it made in 2008.
Big 5 Director/CEO Steven Miller sold 5,000 shares on Dec. 29 at an average prive of $17.75/share
While most sporting goods stores are struggling amid the recession, Big 5 Sporting Goods reported its best same-store sales in more than two years in its third quarter. Many experts attribute this to Big Five's lower pricing, which increaes its appeal to sports fans looking for better deals
Big Five announced its fiscal results for the third quarter of 2009, including a net income of $8 million and revenues of $231.6 million, in addition to a 1.6% growth in same-store sales
Big 5 said that third-quarter comparable sales rose 1.6% compared to the same point a year ago. The company said that it now expects third-quarter earnings per share at, or near, the upper end of its previously issued guidance range of 27 cents to 34 cents a share.
Big 5 announced its plans to participate in the Thomas Weisel Conference in New York on October 1, 2009.
Big Five CEO sells 8,000 shares of BGFV on 09/17 at an average price of $15.26 a share.
BGFV's shares were up almost 200% in just three months. The company's growth has been driven by significantly stronger sales during the period than previously anticipated. Furthermore, the company expects its Q2 2009 earnings to be around $.10 to $.18 per share compared to previous estimates of $.02 eps.
BGFV earned $210.3 million in sales during the quarter, down from $212.9 million a year earlier because of a 4.4% slide in comparable store sales. Furthermore, the company's net income dropped 33% during the quarter. However, these results beat estimates and BGFV's price rose almost 35%.
The company earned $219.6 million in revenue in Q4 2008, down from $232.1 million a year earlier. The drop in sales came primarily because of the 8.6% drop in comparable store sales during the quarter because of lower levels of customer traffic amidst the challenging consumer environment. BGFV earned $3.6 million in net income during the quarter, down from $6.2 million a year earlier. Moving forward, the company expects that its sales and comparable store sales will further decline in 2009 because of weakening consumer spending.
BGFV's revenue slipped 5% in Q4 2008 because of weaker holiday spending and an overall decline in consumer spending during the quarter. Furthermore, the company's same store sales dropped by 9% during the quarter because of lower customer traffic.
Big 5's Q3 3008 profit declined 47% as its sales dropped by 3.5% which was caused by a 6.6% decrease in same store sales as fewer consumers spent money amid the nation's econmic slowdown.
Sales decreased about 4% from a year earlier, following a 7.6% decrease in comparable store sales. Furthermore, its net profit decreased by more than 8.5% to $68.4 million as store traffic and amount spent decreased during the quarter because of the economic downturn.
Regional sporting-goods retailer Big 5 Sporting Goods Corp. issued 2008 guidance below Wall Street expectations amid a difficult retail environment that has been impacted by a credit crunch.
The company expects earnings of 17 cents to 23 cents per share in the first quarter and 75 cents to $1 per share during fiscal 2008.
Analysts polled by Thomson Financial expected a profit of 24 cents per share in the first quarter and $1.24 per share for the year.
Big 5 reported a 1% slip in sales and a 4.7% decrease in same-store sales--the company's worst quarterly sales in over a decade. Additionally, diminishing sales in roller shoes, once a popular product among children, and weak consumer spending during the holiday season contributed to Big 5's substandard fourth quarter performance.