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Article Date: July 2020
Word Count: 422

Big 5 Sporting Goods Posts Profits in Pandemic


Net income soared to $11,136,000 in the second quarter ended Jun. 28 from income of just $28,000 a year ago, on sales that were 5% lower at $227,935,000 down from $240,965,000 including a -4.2% comp. Same store sales in the first half of Q2 were -28.2% from the many stores shuttered by the Covid-19 pandemic, but rebounded to +15.5% in the second half once most stores reopened despite fewer hours and less advertising. The top line results were in-line with the retailer’s pre-announcement earlier this month, but shares jumped 25% in after hours trading on its strong Q3 guidance.

 

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