Net income tumbled 76% to $8,934,000 in the second quarter from $36,803,000 last year, as sales slipped 22% to $253,800,000 from $326,020,000, with comps down 22.3%, transactions down high-teens, and average ticket off about 4%. The difficult comparison goes up against last year’s post-pandemic demand for team and outdoor categories, boosted by government stimulus payments. In addition, Covid outbreaks among store staff combined with overall labor shortages have forced BGFV to shorten hours in some locations. Management points out that the same store sales increased 3.9% versus pre-pandemic Q2, 2019, but ... Log in to view full article.