Big 5 Sporting Goods (BGFV) Misses Q2 EPS by 49c, provides guidance

Big 5 Sporting Goods (NASDAQ: BGFV) reported Q2 EPS of ($0.46), $0.49 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $199.82 million versus the consensus estimate of $227.95 million.

Third Quarter Guidance
For the fiscal 2024 third quarter, the Company expects same store sales to decrease in the mid single-digit range compared to the fiscal 2023 third 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 third quarter. Fiscal 2024 third quarter net loss per basic share is expected in the range of $0.15 to $0.35, which compares to fiscal 2023 third quarter net income per diluted share of $0.08.

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

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