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Big 5 Sporting Goods Corp. (BGFV)
NASDAQ:BGFV
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.41Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -7.94%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Negative
The earnings call reflected a challenging quarter with significant declines in net sales, same-store sales, and gross profit, leading to a substantial net loss. However, there were positive notes on inventory management and expense control, along with some improvements in sales trends.Company Guidance
In the third quarter of 2024, Big 5 Sporting Goods reported net sales of $220.6 million, marking a decrease from $239.9 million in the same period the previous year, with a 7.5% decline in same-store sales. The company also noted a downturn in its major merchandise categories, with apparel and footwear each declining by approximately 9%, and hard goods by about 6%. Despite these challenges, the average ticket size remained relatively stable, experiencing only a low single-digit drop, while transaction counts went down mid-single digits. The gross profit margin fell to 29.1% from 33.2% the previous year, primarily due to a 119 basis point drop in merchandise margins and increased store occupancy and distribution expenses. Inventory levels decreased by 8.7% year-over-year, reflecting efforts to align with sales performance. For the fourth quarter, the company anticipates same-store sales ranging from positive low single digits to negative low single digits, and has adjusted promotional strategies to stimulate sales, particularly given the late Thanksgiving holiday and ongoing macroeconomic challenges. The fiscal third quarter ended with a net loss of $29.9 million, or $1.36 per basic share, influenced by a noncash valuation allowance and store asset impairment charges. Meanwhile, adjusted EBITDA was negative $5.1 million, contrasting with positive $7.4 million in the prior year.Sequential Improvement in Same-Store Sales
Same-store sales showed sequential improvement each quarter, continuing into the fourth quarter, suggesting some positive momentum despite overall sales pressure.
Effective Inventory Management
Inventory levels were down 8.7% year-over-year, allowing flexibility to respond to consumer demand and capitalize on opportunistic buys.
Controlled Selling and Administrative Expenses
Selling and administrative expenses decreased by $1.6 million year-over-year, primarily due to lower legal expenses and reduced performance-based incentive accruals.
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BGFV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BGFV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $1.89 | $1.66 | -12.17% |
| Jul 30, 2024 | $2.74 | $2.05 | -25.18% |
| Apr 30, 2024 | $3.49 | $3.35 | -4.01% |
| Feb 27, 2024 | $5.14 | $4.65 | -9.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Big 5 Sporting Goods Corp. (BGFV) report earnings?
Big 5 Sporting Goods Corp. (BGFV) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Big 5 Sporting Goods Corp. (BGFV) earnings time?
Big 5 Sporting Goods Corp. (BGFV) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BGFV EPS forecast?
Currently, no data Available
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