Big 5 Sporting Goods Corporation Announces the Sales Results for the Fourth Quarter and Full Year Ended December 30, 2018; Revises Earning Guidance for the Fourth Quarter and Provides Earnings Guidance for the Full Year Ended December 30, 2018
January 14, 2019 at 04:11 pm
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Big 5 Sporting Goods Corporation announced the sales results for the fourth quarter and full year ended December 30, 2018. For the quarter, the company reported net sales were of $247.1 million compared to net sales of $242.9 million a year ago. Same store sales increased 1.1% for the fourth quarter of fiscal 2018.
For the full year, the company reported net sales decreased to $987.6 million from $1.01 billion a year ago. Same store sales decreased 2.7% for the fiscal 2018 full year.
For the fiscal 2018 fourth quarter, the company expects to realize a loss per share in the range of $0.15 to $0.17, which compares to the company's previous guidance for the fourth quarter of a loss per share in the range of $0.15 to $0.25.
For the fiscal 2018 full year, the company expected to realize a loss per share in the range of $0.08 to $0.10.
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company conducts its business through its subsidiary, Big 5 Corp. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation. The Company is operating approximately 430 stores and an e-commerce platform under the Big 5 Sporting Goods name. It provides a full-line product offering in a traditional sporting goods store format that averages approximately 12,000 square feet. Its stores include a range of products from various brand name manufacturers, including adidas, Coleman, Columbia, Everlast, New Balance, Timex, Rawlings, Skechers, Spalding, Under Armour, Hillerich & Bradsby, Mueller Sports Medicine, Igloo, and others. It operates a 953,000 square foot distribution center located in Riverside, California.
Big 5 Sporting Goods Corporation Announces the Sales Results for the Fourth Quarter and Full Year Ended December 30, 2018; Revises Earning Guidance for the Fourth Quarter and Provides Earnings Guidance for the Full Year Ended December 30, 2018
BIG 5 SPORTING GOODS CORPORATION 
