NASDAQ$BGFV

Big 5 Sporting Goods Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Big 5 Sporting Goods Corporation reported a decrease in net sales and a net loss for the fourth quarter of fiscal 2024, with same store sales also declining.

Big 5 Sporting Goods Corporation reported a net loss of $20.9 million for the fourth quarter of fiscal 2024, or $0.95 per basic share, compared to a net loss of $8.9 million in the prior year. Net sales decreased to $181.6 million from $196.3 million in the fourth quarter of fiscal 2023, with same store sales declining by 6.1%.

  • Net sales for Q4 2024 were $181.6 million, a decrease from $196.3 million in Q4 2023.
  • Same store sales decreased by 6.1% in Q4 2024 compared to Q4 2023.
  • The company reported a net loss of $20.9 million, or $0.95 per basic share, in Q4 2024.
  • Gross profit margin decreased to 28.2% in Q4 2024 from 30.2% in Q4 2023, primarily due to higher store occupancy and distribution expense, and lower merchandise margins.

Headline financials

Total Revenue

$182M

Previous: $196M-7.5%
EPS (adj)

-$0.95

Previous: -$0.41-131.7%
Capital Expenditures

-$2.03M

Previous: $2.78M-172.9%
Free Cash Flow

-$22.5M

No prior period
Net Income

-$20.9M

Previous: -$8.85M-135.9%
Operating Income

-$20.3M

Previous: -$13.2M-53.2%
Gross Profit

$51.2M

Previous: $59.2M-13.6%

Revenue & EPS history

Big 5 · Revenue · Quarterly

$182M

Q4 2024-7.5%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

For the fiscal 2025 first quarter, Big 5 Sporting Goods Corporation expects same store sales to be down in the mid to high single digit range and anticipates a net loss per basic share in the range of $0.75 to $0.85.

Tailwinds

  • Merchandise assortment is believed to be well positioned for the spring season.
  • Continued focus on disciplined operational execution.
  • Amended and extended credit agreement with Bank of America, maturing in December 2029.
  • Efforts to manage inventory levels relative to sales, resulting in a 5.6% decrease in merchandise inventories.
  • Store base optimization efforts, with 8 store closures in Q1 2025 and approximately 7 additional closures expected in fiscal 2025.

Headwinds

  • Same store sales expected to be down in the mid to high single digit range for Q1 2025.
  • Macroeconomic headwinds are expected to continue impacting discretionary consumer spending.
  • Continuation of inconsistent and unfavorable weather patterns, particularly across the southern tier of the company's footprint.
  • Expected net loss per basic share for Q1 2025 in the range of $0.75 to $0.85, compared to a net loss of $0.38 in Q1 2024.
  • No new store openings are expected in fiscal 2025.

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 Q4 2024

Historical avgQ4 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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