Big 5 Sporting Goods (BGFV) Misses Q3 EPS by 8c, provides guidance

Big 5 Sporting Goods (NASDAQ: BGFV) reported Q3 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $239.89 million versus the consensus estimate of $244.19 million.

Fourth Quarter Guidance:
For the fiscal 2023 fourth quarter, the Company expects same store sales to decrease in the high single-digit to low double-digit range compared to the fiscal 2022 fourth quarter. The Company’s same store sales guidance reflects an expectation that macroeconomic headwinds will continue to impact discretionary consumer spending over the balance of the fourth quarter.

Fiscal 2023 fourth quarter net loss per share is expected in the range of $0.20 to $0.35, which compares to fiscal 2022 fourth quarter earnings per diluted share of $0.08. The Company currently anticipates its cash balance at the end of the fiscal 2023 fourth quarter to be largely consistent with its cash balance at the end of the fiscal 2023 third quarter.

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

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