NASDAQ$BGFV

Big 5 Sporting Goods Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Big 5's Q4 2019 earnings were announced, revealing a slight decrease in net sales but an increase in gross profit compared to the previous year.

Big 5 Sporting Goods Corporation reported a decrease in net sales for the fourth quarter of fiscal year 2019, but net income increased. Same store sales decreased slightly, but gross profit increased due to higher merchandise margins.

  • Net sales for Q4 2019 were $244.1 million, compared to $247.1 million in Q4 2018.
  • Same store sales decreased by 0.6% in Q4 2019.
  • Gross profit for Q4 2019 increased to $77.0 million from $70.4 million in Q4 2018.
  • Net income for Q4 2019 was $0.4 million, or $0.02 per diluted share.

Headline financials

Total Revenue

$244M

Previous: $247M-1.2%
EPS (adj)

$0.04

Previous: -$0.16+125.0%
Same store sales growth

-0.6%

No prior period
Capital Expenditures

$3.24M

Previous: $7.01M-53.9%
Free Cash Flow

-$2.61M

Previous: $25.6M-110.2%
Net Income

$400K

Previous: -$5.09M+107.9%
Operating Income

$1.52M

Previous: -$5.9M+125.8%
Gross Profit

$77M

Previous: $70.4M+9.5%
Cash & Equivalents

$8.22M

Previous: $6.77M+21.6%
Total Assets

$689M

Previous: $420M+64.2%
Stock-Based Comp

$451K

Previous: $488K-7.6%

Revenue & EPS history

Big 5 · Revenue · Quarterly

$244M

Q4 2019-1.2%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

For the fiscal 2020 first quarter, the Company expects same store sales to decrease in the mid-to-high-single-digit range and expects to realize a loss per basic share in the range of $0.15 to $0.25.

Headwinds

  • The Company expects same store sales to decrease in the mid-to-high-single-digit range.
  • The Company expects to realize a loss per basic share in the range of $0.15 to $0.25.
  • Facing very challenging comparisons against extraordinary sales of winter-related products in the first quarter of 2019.
  • Winter weather conditions have softened substantially over the course of the first quarter.
  • Same store sales are currently running down approximately 10% compared to the approximately 10% increase that we experienced during the comparable period last year.

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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