Net loss was $4,611,000 in the first quarter lapping a $1,664,000 profit as sales slipped 11% to $217,736,000 from $245,286,000 last year that included exceptional sell-though from the extended winter season in Q1’19. Same store sales declined 10.8% against last year’s positive 4.6% comp. As BGFV is on calendar quarters, the broad coronavirus shutdown in CA only affected the last 10 days of the period, during which about half of its doors were forced to close. Many other jurisdictions recognized the retailer as “essential” and allowed stores to remain open.
Transactions in the first quarter decreased high-teens, but average sale increased ... Log in to view full article.