NASDAQ$BGFV

Big 5 Sporting Goods Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Big 5 reported record first quarter sales and earnings.

Big 5 Sporting Goods Corporation reported record first quarter results with a 31.8% increase in same-store sales and EPS of $0.96, driven by strong sales, merchandise margin expansion, and an improved cost structure. The company ended the quarter with $100.1 million in cash and cash equivalents and no debt. They also increased the quarterly cash dividend by 20% to $0.18 per share and declared a special cash dividend of $1.00 per share.

  • Record first quarter sales and earnings results were achieved.
  • Same store sales increased 31.8% in FY 2021 first quarter versus guidance of 20%.
  • EPS was $0.96 for FY 2021 first quarter versus guidance range of $0.47 to $0.53.
  • The company ended FY 2021 first quarter with $100.1 million in cash and cash equivalents and no debt.

Headline financials

Total Revenue

$273M

Previous: $218M+25.3%
EPS (adj)

$0.90

Previous: -$0.22+509.1%
Capital Expenditures

-$1.74M

Previous: -$2.34M+25.6%
Free Cash Flow

$40.2M

Previous: -$7.64M+626.3%
Net Income

$21.5M

Previous: -$4.61M+567.3%
Operating Income

$27.7M

Previous: -$6.82M+507.2%
Gross Profit

$97.9M

Previous: $64.6M+51.6%
Cash & Equivalents

$100M

Previous: $44.2M+126.4%
Total Assets

$716M

Previous: $725M-1.2%

Revenue & EPS history

Big 5 · Revenue · Quarterly

$273M

Q1 2021+25.3%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

For the second quarter of fiscal year 2021, Big 5 expects same store sales to increase in the range of 22% to 27% and earnings per diluted share to be in the range of $1.05 to $1.25.

Tailwinds

  • The Company expects same store sales to increase in the range of 22% to 27%.
  • The Company expects earnings per diluted share in the range of $1.05 to $1.25.
  • Second quarter guidance reflects the combined positive impact of calendar shifts of the Easter holiday.
  • Second quarter guidance reflects the combined positive impact of the Fourth of July holiday.
  • The company currently has 430 stores in operation.

Headwinds

  • Forward-looking statements involve known and unknown risks and uncertainties.
  • Economic impacts of COVID-19 on Big 5’s business operations.
  • Changes in the consumer spending environment.
  • Increased competition from e-commerce retailers.
  • Changes in laws or regulations, including those related to tariffs and duties.

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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