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Article Date: May 2023
Word Count: 340

Big 5 Sporting Goods Just Breaks Even in Q1


The west coast retailer barely remained in the black for the first quarter, posting net income of $193,000, down 98% from last year’s $9,103,000 profit, on revenues that were 7% lower at $224,939,000 compared to $241,981,000 including a -7.1% comp. Weather during the quarter was a mixed bag, as good winter weather helped clear seasonal apparel and gear in Jan., sending comps up 3.6%. But late arriving warmer weather and heavy rains hurt team sports sales in Feb. and Mar., which comped down 7.5% and 13.7%, respectively. Apparel sales grew high-single ... Log in to view full article.

 


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