Shares of Big 5 Sporting Goods Corporation (BGFV) have gained 4.2% since the company reported its earnings for the quarter ended March 30, 2025. This compares to the S&P 500 index’s 2.9% growth over the same time frame. Over the past month, the stock has gained 15.3% compared with the S&P 500’s 12.3% growth, signaling investor confidence amid a challenging consumer environment.For the first quarter of fiscal 2025, Big 5 incurred a net loss of 78 cents per share, wider than the net loss of 38 cents per share ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ to ____________________ Commission file number: 000-49850 BIG 5 SPORTING GOODS CORPORATION (Exact name of registrant as specified in its charte ...

Big 5 Sporting Goods (BGFV) Q1 2025 Earnings Call April 29, 2025 09:34 PM ET Speaker0 Good day, and gentlemen. Welcome to the Big five Sporting Goods First Quarter twenty twenty five Earnings Results Conference Call. Today's call is being recorded. And with us today are Mr. Steve Miller, President and Chief Executive Officer and Mr. Barry Emerson, Chief Financial Officer of Big five Sporting Goods. At this time, for opening remarks and introductions, I'd like to turn the floor over to Mr. Miller. Thank you. ...

Exhibit 99.1 Contact: Big 5 Sporting Goods Corporation Barry Emerson Executive Vice President and Chief Financial Officer (310) 536-0611 ICR, Inc. Jeff Sonnek Managing Director (646) 277-1263 BIG 5 SPORTING GOODS CORPORATION ANNOUNCES FISCAL 2025 FIRST QUARTER RESULTS EL SEGUNDO, Calif., April 29, 2025 — Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company," "we," "our," "us," "Big 5"), a leading sporting goods retailer, today reported financial results for the fiscal 2025 first quarter ended March ...

EL SEGUNDO, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the “Company,” “we,” “our,” “us,” “Big 5”), a leading sporting goods retailer, today reported financial results for the fiscal 2025 first quarter ended March 30, 2025. Net sales were $175.6 million compared to net sales of $193.4 million for the first quarter of fiscal 2024. Same store sales decreased 7.8% for the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024. Gross profit for ...

Company Overview - Big 5 Sporting Goods Corporation is a leading sporting goods retailer in the western United States, operating 414 stores under the "Big 5 Sporting Goods" name [4] - The company offers a full-line product offering in a traditional sporting goods store format, averaging 12,000 square feet [4] - Product mix includes athletic shoes, apparel, accessories, and a broad selection of outdoor and athletic equipment for various sports and recreational activities [4] Upcoming Financial Results - The company will announce first quarter fiscal 2025 financial results on April 29, 2025, after market close [1] - A conference call to discuss these results is scheduled for 2:00 p.m. Pacific Time on the same day [2] - The conference call will be accessible via phone and will also be broadcast live on the company's website [3]

Shares of Big 5 Sporting Goods Corporation (BGFV) have declined 17.8% since the company reported its earnings for the quarter ended Dec. 29, 2024. This compares to the S&P 500 index’s decline of 2.2% over the same time frame. Over the past month, the stock has declined 26.7% compared with the S&P 500’s 3.4% decline.See the Zacks Earnings Calendar to stay ahead of market-making news.The company incurred a net loss of 95 cents per share in the fourth quarter of fiscal 2024, wider than a loss of 41 cents per s ...

Financial Performance - Net sales for fiscal 2024 decreased by 10.1% to $795.5 million compared to $884.7 million for fiscal 2023, with a decline of 9.4% in same store sales[149] - Gross profit for fiscal 2024 was $234.5 million, representing 29.5% of net sales, down from 32.3% in fiscal 2023[149] - The net loss for fiscal 2024 was $69.1 million, or $3.15 per basic share, compared to a net loss of $7.1 million, or $0.33 per basic share, for fiscal 2023[149] - Same store sales decreased by $81.0 million, or 9.4%, in fiscal 2024, influenced by inflationary pressures and a reduction in store count[151] - Seasonal fluctuations in net sales and operating results can negatively impact financial performance, particularly in the fourth fiscal quarter[187] Expenses and Cash Flow - Selling and administrative expenses decreased by 2.2% to $290.1 million, or 36.5% of net sales, compared to 33.5% of net sales in fiscal 2023[149] - Operating cash flow for fiscal 2024 was a negative $11.4 million, down from a positive $18.5 million in the prior year[149] - Operating cash flows for fiscal 2024 were a negative $11.4 million, compared to a positive $18.5 million in fiscal 2023[158] - Cash on hand at the end of fiscal 2024 was $5.4 million, down from $9.2 million at the end of fiscal 2023[156] - Cash dividends paid in fiscal 2024 were $0.10 per share, down from $0.875 per share in fiscal 2023, reflecting the suspension of quarterly dividends in the second half of fiscal 2024[162] Store Operations - The company closed 11 stores in fiscal 2024, reducing the total store count to 422 from 430 in fiscal 2023[146] - The company anticipates closing approximately 15 stores in fiscal 2025, with no new store openings planned[146] - Future capital expenditures for fiscal 2025 are expected to range from $4.0 million to $8.0 million, with no new store openings anticipated and approximately 15 store closures planned[171] Capital Expenditures and Investments - Capital expenditures for fiscal 2024 slightly decreased to $10.9 million from $11.0 million in fiscal 2023[149] - Net cash used in investing activities for fiscal 2024 was $10.9 million, slightly down from $11.0 million in fiscal 2023, with capital expenditures primarily for store remodeling and new store openings[159] - Financing cash flows for fiscal 2024 were a positive $18.4 million, a significant improvement from a negative $23.9 million in fiscal 2023, mainly due to borrowings under the credit facility[160] Debt and Credit - As of December 29, 2024, the company had $13.8 million in revolving credit borrowings and $6.1 million in letter of credit commitments, compared to no borrowings and $2.0 million in commitments as of December 31, 2023[161] - The company expects to fund its cash requirements from cash on hand, operating cash flows, and borrowings from its credit facility for at least the next 12 months[172] Inventory and Impairment - Merchandise inventory valuation reserves totaled $2.7 million as of December 29, 2024, representing approximately 1% of merchandise inventory[178] - A 10% change in inventory valuation reserves would result in a change in reserves of $0.3 million and a corresponding change in pre-tax earnings[179] - Impairment charges recognized in fiscal 2024 and 2023 were $0.8 million and $0.6 million, respectively[186] - The company evaluates long-lived assets for impairment based on future undiscounted cash flows over the remaining lease term[182] - Impairment reviews are triggered by operating or cash flow losses combined with a history of such losses[181] Market Conditions and Pricing - Significant inflation in product costs was experienced in fiscal 2023 and 2024, affecting merchandise margins and operating results[188] - The company has generally been able to adjust selling prices in response to higher product purchase costs due to inflation[188] - Management's estimates of future cash flows involve assumptions about sales growth rates and operating performance[183] - Seasonal buying patterns influence merchandise and accounts payable levels, impacting cash flows[187] - The fair value of an ROU asset is determined using discounted cash flow valuation techniques[185] - The estimation of fair value for ROU assets is based on current market rental data from comparable retail locations[185]

Financial Data and Key Metrics Changes - Net sales for Q4 2024 were $181.6 million, down from $196.3 million in the prior year, with same-store sales decreasing by 6.1% [6][18] - Gross profit for Q4 2024 was $51.2 million, compared to $59.2 million in Q4 2023, resulting in a gross profit margin of 28.2%, down from 30.2% [15][17] - The net loss for Q4 2024 was $20.9 million or $0.95 per basic share, compared to a net loss of $8.9 million or $0.41 per basic share in Q4 2023 [17][19] - Adjusted EBITDA was negative $16.4 million in Q4 2024, compared to negative $8.7 million in the same quarter last year [18] Business Line Data and Key Metrics Changes - On a same-store basis, apparel sales declined by 1.3%, footwear by 5.4%, and hard goods by 8.7% [8] - Average sale decreased by 2.3%, while transactions were down by 3.8% [8] Market Data and Key Metrics Changes - The company faced macroeconomic headwinds affecting consumer discretionary spending, with winter-related product sales being particularly soft due to unfavorable weather conditions [7][12] - Southern markets experienced below-normal snowfall, impacting winter product sales [13] Company Strategy and Development Direction - The company plans to close 15 stores in fiscal 2025, having already closed eight locations in the first quarter, to focus resources on more productive stores [11] - Capital expenditures for fiscal 2024 were $10.9 million, with expectations for $4 million to $8 million in fiscal 2025, primarily for store-related remodeling [20] Management's Comments on Operating Environment and Future Outlook - Management indicated that sales trends remain challenged, with no improvement in macroeconomic conditions expected in the near term [12][23] - For Q1 2025, same-store sales are expected to decline in the mid to high single-digit range compared to Q1 2024 [23] Other Important Information - Merchandise inventory at the end of Q4 2024 decreased by 5.6% year-over-year, reflecting efforts to align inventory levels with sales [20] - The company amended and extended its $150 million credit agreement with Bank of America, providing financial flexibility [22] Q&A Session Summary Question: What are the expectations for same-store sales in the upcoming quarter? - Management expects same-store sales to decline in the mid to high single-digit range due to ongoing macroeconomic headwinds [23] Question: How is the company managing its inventory levels? - The company has successfully reduced inventory by 5.6% year-over-year to better align with sales [20] Question: What is the outlook for the winter business? - The winter business remains soft, particularly in southern markets, but spring-related activities are anticipated to drive business as the season transitions [12][13]

Sales Results - Big 5 Sporting Goods Corporation reported sales results for fiscal 2024 fourth quarter and full year ended December 29, 2024[4]. Earnings Guidance - The updated earnings guidance for fiscal 2024 fourth quarter and full year was provided in the press release[4]. Press Release Information - The press release is furnished as Exhibit 99.1 to the Current Report on Form 8-K[4].