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Article Date: July 2024
Word Count: 295

Big 5 Sporting Goods’ Red Ink Deepens


The retailer’s net loss expanded to $10,004,000 in the second quarter from a loss of $282,000 last year, as revenues slumped 11% to $199,824,000 from $223,567,000, both in line with guidance, and same store sales fell 9.9% on top of last year’s -12% comp. The persistent weak results led BGFV to suspend its dividend until it can get operations back on track, but macroeconomic headwinds and weak consumer demand are expected to continue, sending same store sales down mid-single digits in Q3. Comps so far are down 7%, but comparisons ease ... Log in to view full article.

 


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