Big 5 Narrows Guidance as Sales Rise in Q4
BGFV sales increased 2% to $247.1 million in the final quarter. up from $242.9 million last year, and comps were up 1.1% as mid-single-digit gains in Dec. sales driven by winter apparel offset weakness in Oct. and Nov. Apparel comped up high-single digits, footwear was slightly positive, but equipment decreased low-single digits. Transactions and average ticket both tallied small improvements, but merchandise margins slipped 11 basis points. Inventory at quarter end was down 7%, reflecting a significant reduction in winter product inventory, which BGFV had held over from last ... Log in to view full article.