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Article Date: April 2024
Word Count: 284

Big 5 Sporting Goods Has a Rough Q1

The CA-based retailer continued to underperform in the first quarter, carrying Q4’s big loss forward with $8,286,000 of red ink against a $193,000 profit a year ago. Revenues tumbled 14% to $193,427,000 from $224,939,000, with comps down 13.5%, about 100 basis points of which was attributed to the Easter shift into Q1 this year. Extreme weather volatility added to consumer caution to submarine sales in the quarter. Apparel was down 16% to $54.5 million, hardgoods declined 14% to $87.8 million, and footwear ... Log in to view full article.


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