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Article Date: January 2023
Word Count: 181

Big Five Lowers Q4 Earnings Guidance

The West Coast retailer will just miss its earnings guidance for the final quarter, now expecting net income of $0.07 to $0.08 per share, below its guidance range of $0.08 to $0.20. In a pre-release of Q4 and full-year results, BGFV said that revenue in the Holiday quarter fell 13% to $238.3 million, with comps down 13.2%. It blamed inflationary pressures and economic uncertainty for lower-than-expected consumer discretionary spending during the season. A more promotional environment hurt merchandise margins, which contracted 129 ... Log in to view full article.


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