NASDAQ$BGFV

Big 5 Sporting Goods Corporation · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Second quarter results were consistent with guidance, but impacted by inflationary pressures

Big 5 Sporting Goods Corporation reported a net sales decrease to $199.8 million compared to $223.6 million in the same quarter last year. The company experienced a net loss of $10.0 million, or $0.46 per basic share, compared to a net loss of $0.3 million, or $0.01 per basic share in the second quarter of fiscal 2023. Same store sales decreased 9.9%.

  • Net sales for the fiscal 2024 second quarter were $199.8 million, compared to $223.6 million for the second quarter of fiscal 2023.
  • Same store sales decreased 9.9% for the second quarter of fiscal 2024.
  • Net loss for the second quarter of fiscal 2024 was $10.0 million, or $0.46 per basic share.
  • The Company’s Board of Directors has proactively suspended the quarterly cash dividend.

Headline financials

Total Revenue

$200M

Previous: $224M-10.6%
EPS

-$0.46

Previous: -$0.01-4500.0%
Same store sales growth

-9.9%

No prior period
Gross profit margin

29.4%

No prior period
Capital Expenditures

-$6.27M

Previous: -$4.74M-32.2%
Free Cash Flow

-$9.19M

Previous: -$8.04M-14.3%
Net Income

-$10M

Previous: -$282K-3447.5%
Operating Income

-$13.5M

Previous: -$463K-2816.4%
Gross Profit

$58.7M

Previous: $71.9M-18.3%
Cash & Equivalents

$4.94M

Previous: $5.89M-16.1%
Total Assets

$669M

Previous: $706M-5.1%
Stock-Based Comp

$726K

Previous: $704K+3.1%

Revenue & EPS history

Big 5 · Revenue · Quarterly

$200M

Q2 2024-10.6%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

For the fiscal 2024 third quarter, the Company expects same store sales to decrease in the mid single-digit range compared to the fiscal 2023 third quarter. Fiscal 2024 third quarter net loss per basic share is expected in the range of $0.15 to $0.35, which compares to fiscal 2023 third quarter net income per diluted share of $0.08.

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 Q2 2024

Historical avgQ2 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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