Big 5 Sporting Goods falls on decline in Q4 net sales
16/01/2024 21:54
** Shares of sporting goods retailer Big 5 Sporting Goods
BGFV.O down 2.9% at $5.05 in trading after the bell
** Co reports 17% lower net sales of $196.3 mln for Q4 23 as
compared to previous year's net sales of $238.3 mln
** Co's same-store sales for Q4 fell 17% compared to last
year
** BGFV cuts Q4 profit outlook to between $0.38 and $0.40
per share from prior forecast of $0.20 to $0.35 per share
** Full-year net sales fell 11% to $884.7 mln from $995.5
mln last year
** Same-store sales declined 11.2% for FY23 from FY22
** BGFV stock fell 9.6% in 2023
(Reporting by Kabir Dweit)
((Kabir.Dweit@thomsonreuters.com))
Recent news on Big 5 Sporting Goods
See all newsBrief: Big 5 Sporting Goods Corporation Stockholders Approve Acquisition By Worldwide Sports Group Holdings Llc
Big 5 Q2 net sales fall, net loss widens
Brief: Big 5 Sporting Goods Corporation Enters Into Definitive Agreement To Be Acquired By A Partnership Comprised Of Worldwide Golf And Capitol Hill Group
Brief: Big 5 Sporting Goods Q3 Sales USD 220.598 Million
Brief: Big 5 Sporting Goods Q2 Sales USD 199.824 Million