Big 5 Sporting Goods (BGFV) Misses Q2 EPS by 6c, SSS Increased 0.8%

Big 5 Sporting Goods (NASDAQ: BGFV) reported Q2 EPS of $0.13, $0.06 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $243.7 million versus the consensus estimate of $251.41 million.

(emphasis Street Insider) “After a solid start to the period, sales for our second quarter came in below expectations,” said Steven G. Miller, the Company’s Chairman, President and Chief Executive Officer. “Same store sales increased in the low mid-single-digit range for each of our April and May periods, but decreased in the low single-digit range for June as we experienced weakness in certain outdoor product categories related to firearms, camping and water sports, and also began to cycle some of the benefit from the competitor store closures that occurred last year. As a result of the weakness in June, same store sales in our hardgoods category decreased in the low single-digit range for the quarter. Our apparel category continued to perform exceptionally well throughout the quarter, with same store sales increasing in the high single-digit range, and same store sales in our footwear category increased in the low single-digit range for the period.”

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

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