NASDAQ$BGFV

Big 5 Sporting Goods Corporation · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Big 5 Sporting Goods Corporation reported first quarter results, reflecting a challenging macroeconomic environment.

Big 5 Sporting Goods Corporation reported a decrease in net sales to $193.4 million compared to $224.9 million in the first quarter of fiscal 2023. Same store sales decreased by 13.5%. The company reported a net loss of $8.3 million, or $0.38 per basic share, compared to a net income of $0.2 million, or $0.01 per diluted share in the first quarter of fiscal 2023.

  • Net sales for the first quarter were $193.4 million, a decrease from $224.9 million in the prior year.
  • Same store sales decreased by 13.5% compared to the first quarter of fiscal 2023.
  • Gross profit was $60.4 million, compared to $75.1 million in the prior year.
  • Net loss for the quarter was $8.3 million, or $0.38 per basic share.

Headline financials

Total Revenue

$193M

Previous: $225M-14.0%
EPS

-$0.38

Previous: $0.01-3900.0%
Gross profit margin

31.2%

Previous: 33.4%-6.6%
Selling and administrative expense as percentage of sales

36.9%

No prior period
Capital Expenditures

-$1.81M

Previous: -$2.53M+28.4%
Free Cash Flow

$6.4M

Previous: $9.76M-34.4%
Net Income

-$8.29M

Previous: $193K-4393.3%
Operating Income

-$11M

Previous: -$29K-37765.5%
Gross Profit

$60.4M

Previous: $75.1M-19.6%
Cash & Equivalents

$12.6M

Previous: $27.5M-54.0%
Total Assets

$650M

Previous: $712M-8.7%
Stock-Based Comp

$718K

Previous: $679K+5.7%

Revenue & EPS history

Big 5 · Revenue · Quarterly

$193M

Q1 2024-14%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

For the fiscal 2024 second quarter, the Company expects same store sales to decrease in the high single-digit range compared to the fiscal 2023 second quarter. Fiscal 2024 second quarter net loss per basic share is expected in the range of $0.40 to $0.55, which compares to fiscal 2023 second quarter net loss per basic share of $0.01.

Historical earnings impact

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

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-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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