Brief: Big 5 Sporting Goods Sees Q3 2020 Earnings Per Share $1.00 To $1.30

Big 5 Sporting Goods

28/07/2020 21:41

July 28 (Reuters) - Big 5 Sporting Goods Corp  BGFV.O :
    * ORATION ANNOUNCES FISCAL 2020 SECOND QUARTER RESULTS
    * Q2 EARNINGS PER SHARE $0.52
    * Q2 SALES $227.9 MILLION VERSUS $241 MILLION
    * JULY SAME STORE SALES ROSE 31.9 PERCENT
    * SEES Q3 2020 EARNINGS PER SHARE $1.00 TO $1.30
    * SEES Q3 2019 EARNINGS PER SHARE $0.30
    * REINSTATES QUARTERLY CASH DIVIDEND
    * BELIEVES IT IS REASONABLE TO EXPECT SAME STORE SALES OVER
REMAINDER OF FISCAL 2020 Q3 TO INCREASE IN RANGE OF 5% TO 15%
    * BIG 5 SPORTING GOODS - ASSUMING CO ACHIEVES SALES WITHIN
RANGE
OVER REMAINDER OF QUARTER,  EXPECT SAME STORE SALES FOR FULL Q3
TO RISE 14% TO 20%
    * BIG 5 SPORTING GOODS - FOR FISCAL 2020 FY, DOES NOT
ANTICIPATE
OPENING ANY NEW STORES AND EXPECTS TO PERMANENTLY CLOSE
APPROXIMATELY FOUR STORES

Source text for Eikon:  ID:nGNX7G75LR 
Further company coverage:  BGFV.O 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))