The bottom line tumbled 58% to $9,103,000 in the first quarter from $21,546,000 last year, on 11% lower revenues of $241,981,000, down from $272,806,000, including an 11.4% drop in same store sales. BGFV lamented the tough comparison to last year’s government stimulus payments, while this year’s Q1 was also affected by a lack of winter weather, the Omicron surge in Covid cases, supply chain headwinds, and rising inflation. Comps were flat against pre-pandemic Q1 ’19, though that quarter benefitted from cold weather that drove amazing winter sports and outerwear sell-through. The quarter had a tough start, with Jan. down low-20s, ... Log in to view full article.