Big 5 Sporting Goods Corp (BGFV) Misses Q2 EPS by 3c; Guides Q3 EPS Below the Street

Big 5 Sporting Goods Corp (NASDAQ: BGFV) reported Q2 EPS of $0.12, $0.03 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $240.2 million versus the consensus estimate of $242.83 million.

Big 5 Sporting Goods Corp sees Q3 2015 EPS of $0.28-$0.34, versus the consensus of $0.37.

"We are pleased to deliver improved sales and earnings growth for the second quarter," said Steven G. Miller, the Company's Chairman, President and Chief Executive Officer. "Despite cycling against the soccer-related business generated by last year's men's World Cup and facing the ongoing economic and recreational impact of the well-publicized drought in our core California markets, we were able to generate same store sales increases in each of our major product categories of apparel, footwear and hardgoods during the period. While these headwinds have continued to impact our third quarter, we remain encouraged by the strength we are experiencing across a number of product categories and we believe we have a strong promotional plan in place to generate positive same store sales for the period."

For earnings history and earnings-related data on Big 5 Sporting Goods Corp (BGFV) click here.

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