NASDAQ$BGFV

Big 5 Sporting Goods Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Big 5 reported first quarter results impacted by temporary store closures due to COVID-19.

Big 5 Sporting Goods Corporation reported a net loss of $4.6 million for the first quarter of fiscal 2020, with net sales decreasing to $217.7 million compared to $245.3 million in the same quarter last year. The company experienced a 10.8% decrease in same-store sales due to the impact of COVID-19, which forced temporary closures of approximately half of its stores during the last ten days of the quarter.

  • Net sales decreased to $217.7 million from $245.3 million year-over-year.
  • Same store sales decreased 10.8% compared to a 4.6% increase in the prior year.
  • Net loss was $4.6 million, or $0.22 per basic share, compared to net income of $1.7 million, or $0.08 per diluted share, in the first quarter of fiscal 2019.
  • Company suspended its quarterly cash dividend to enhance financial flexibility during the COVID-19 pandemic.

Headline financials

Total Revenue

$218M

Previous: $245M-11.2%
EPS (adj)

-$0.22

Previous: $0.10-320.0%
Capital Expenditures

-$2.34M

Previous: -$1.52M-53.9%
Free Cash Flow

-$7.64M

Previous: $11M-169.4%
Net Income

-$4.61M

Previous: $1.66M-377.1%
Operating Income

-$6.82M

Previous: $3.27M-308.7%
Gross Profit

$64.6M

Previous: $75.9M-14.9%
Cash & Equivalents

$44.2M

Previous: $5.3M+734.2%
Total Assets

$725M

Previous: $665M+9.0%
Stock-Based Comp

$475K

Previous: $538K-11.7%

Revenue & EPS history

Big 5 · Revenue · Quarterly

$218M

Q1 2020-11.2%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Due to the disruption from COVID-19 on the Company’s store operations and the uncertainty related to its duration and impact on consumers, the Company is not providing guidance for its fiscal 2020 second quarter at this time other than the quarter-to-date information discussed above.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

-2.4%

Avg return

Earnings day

-12.0%

Avg return

5 days after

-10.6%

Avg return

30 days after

30%

18 / 60 earnings

Positive

+43.4%

Q2 2020

Best reaction

-28.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025
Q2 2025+0.0%+0.0%+0.7%
Q1 2025+4.4%+6.4%+38.4%
Q4 2024-12.4%-24.4%-27.4%
Q3 2024-14.4%-13.5%-13.5%
Q2 2024-25.5%-34.1%-33.3%
Q1 2024-6.8%-6.6%-4.9%
Q4 2023-10.5%-12.0%-34.1%
Q3 2023-22.6%
Q2 2023-15.3%
Q1 2023-8.0%
Q4 2022-4.3%
Q3 2022-7.0%
Q2 2022-5.7%
Q1 2022-1.0%
Q4 2021+2.1%
Q3 2021+24.0%
Q2 2021-6.0%
Q1 2021+30.1%
Q4 2020-7.6%
Q3 2020-5.9%
Q2 2020+43.4%
Q1 2020-0.5%
Q4 2019-28.7%
Q3 2019+34.2%
Q2 2019+29.9%
Q1 2019-9.2%
Q4 2018-8.7%
Q3 2018-17.6%
Q2 2018-8.8%
Q1 2018+7.1%
Q4 2017-12.8%
Q3 2017+2.8%
Q2 2017-6.0%
Q1 2017-4.2%
Q4 2016-4.0%
Q3 2016+8.4%
Q2 2016+20.0%
Q1 2016-23.5%
Q4 2015-13.1%
Q3 2015-21.9%
Q2 2015-28.4%
Q1 2015+9.4%
Q4 2014-5.9%
Q3 2014+14.2%
Q2 2014-14.4%
Q1 2014-20.3%
Q4 2013-7.4%
Q3 2013+17.9%
Q2 2013-17.6%
Q1 2013+12.2%
Q4 2012+3.8%
Q3 2012+34.6%
Q2 2012-3.3%
Q1 2012-4.0%
Q4 2010-7.9%
Q3 2010+5.2%
Q4 2011-4.4%
Q2 2010-4.4%
Q1 2011-16.1%
Q1 2010-3.5%

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