Welcome to our dedicated page for Big 5 Sporting Goods news (Ticker: BGFV), a resource for investors and traders seeking the latest updates and insights on Big 5 Sporting Goods stock.
Big 5 Sporting Goods Corp (symbol: BGFV) is a leading specialty retailer in the United States, focusing on name-brand sporting goods and accessories. With over 430 stores spread across 11 western states, the company offers a comprehensive range of products in a traditional sporting goods store format that typically measures around 11,000 square feet.
The company's product mix includes athletic shoes, apparel, and accessories, alongside a wide selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and seasonal sports. This extensive inventory caters to diverse recreational needs, making Big 5 a go-to destination for sports enthusiasts and outdoor adventurers alike.
Headquartered in El Segundo, California, Big 5 also operates a significant distribution center in Riverside, which services both its retail stores and e-commerce platform. This integrated supply chain ensures that customers receive their products efficiently, whether shopping in-store or online.
In recent updates, the company has declared a quarterly cash dividend of $0.05 per share, reflecting its commitment to returning value to shareholders. Additionally, for the fiscal 2024 second quarter, Big 5 projects a decrease in same-store sales in the high single-digit range compared to the same period in fiscal 2023. This forecast accounts for ongoing macroeconomic challenges impacting consumer spending.
Big 5's leadership team includes Barry Emerson, Executive Vice President and Chief Financial Officer, who is actively involved in communicating financial strategies and performance to stakeholders. For further insights, investors can contact Barry Emerson at (310) 536-0611 or Jeff Sonnek, Managing Director at ICR, Inc., at (646) 277-1263.
Big 5 Sporting Goods Corporation (NASDAQ: BGFV) announced the appointment of Lily W. Chang to its Board of Directors as of October 7, 2021. Chang, who has extensive experience in enhancing financial performance in consumer industries, currently serves at Leonard Green & Partners. The company also disclosed that Sandra N. Bane will retire from the Board effective November 15, 2021, after significant contributions since 2002. Big 5 operates 429 stores and offers a complete range of athletic and outdoor products.
Big 5 Sporting Goods reported record financial results for the fiscal 2021 second quarter, achieving net sales of $326.0 million, up from $227.9 million in the previous year. Same store sales rose 31.2% year-over-year. Net income reached $36.8 million, or $1.63 per diluted share, exceeding guidance. Dividend increased by 39% to $0.25 per share. Guidance for the third quarter anticipates same store sales to be flat to mid-single digits, with EPS projected between $0.95 and $1.15, reflecting potential challenges from supply chain disruptions.
Big 5 Sporting Goods Corporation (Nasdaq: BGFV) will announce its second quarter fiscal 2021 financial results on August 3, 2021, after market close. A conference call is scheduled for 2:00 p.m. PT on the same day to discuss these results. Participants can dial in to access the call or join via the company's website. As of July 4, 2021, Big 5 operates 430 stores throughout the western United States, offering a comprehensive selection of sporting goods, including athletic shoes, apparel, and outdoor equipment.
Big 5 Sporting Goods Corporation announced record first quarter sales and earnings results for FY 2021, achieving net sales of $272.8 million, up from $217.7 million in the previous year. Same store sales soared 31.8%, exceeding guidance of 20%. The earnings per share (EPS) reached $0.96, significantly higher than the anticipated range of $0.47 to $0.53. The company ended the quarter with $100.1 million in cash and no debt. Additionally, the Board declared a 20% increase in the quarterly cash dividend to $0.18 per share and a special cash dividend of $1.00 per share.
Big 5 Sporting Goods Corporation (Nasdaq: BGFV) is set to announce its first quarter fiscal 2021 financial results on May 4, 2021, post-market close. A conference call will follow at 2:00 p.m. PT to discuss results. Participants can join by dialing (877) 407-9039 for North America or (201) 689-8470 internationally. The call will also be streamed live on the Big 5 website. The company operates 430 stores across the western U.S., offering a wide range of sporting goods.
Big 5 Sporting Goods (BGFV) reported strong financial results for FY 2020, with a full-year EPS of $2.58 and a fourth-quarter EPS of $0.95. The company ended 2020 with $64.7 million in cash and no debt, while net sales rose to $1.04 billion compared to $996.5 million in FY 2019. The firm also announced a 50% increase in its quarterly cash dividend to $0.15 per share. For Q1 FY 2021, Big 5 expects same-store sales to grow by 20% and EPS between $0.47 and $0.53, indicating continued momentum into the new fiscal year.
Big 5 Sporting Goods Corporation (BGFV) announced a new loan agreement with Bank of America, offering a secured revolving credit facility with up to $150 million in initial availability, potentially increasing to $200 million. The agreement, maturing in February 2026, reflects the company's debt-free status and $64.7 million cash balance as of fiscal 2020. CFO Barry Emerson emphasized the facility's importance for financial flexibility amid a dynamic retail environment. This replaces the previous financing arrangement, with further details to be filed with the SEC.
Big 5 Sporting Goods Corporation (Nasdaq: BGFV) will announce its fourth quarter and full year fiscal 2020 financial results on March 2, 2021, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT on the same day. Participants can join via phone or listen to a live webcast on the company's website. Big 5 operates 430 stores across the western U.S., offering a wide range of sporting goods, including athletic shoes, apparel, and outdoor equipment.
Big 5 Sporting Goods (Nasdaq: BGFV) reported strong financial results for the fiscal 2020 fourth quarter and full year, ending January 3, 2021. The fourth quarter saw net sales of $290.5 million, up from $244.1 million year-over-year, with same-store sales rising 10.5%. EPS for the fourth quarter is anticipated to be between $0.90 and $0.93, exceeding previous guidance. For the full fiscal year, net sales reached $1.04 billion, a 4.2% increase, with EPS expected in the range of $2.53 to $2.56. The company ended the year with $64.7 million in cash and no credit facility borrowings.
Big 5 Sporting Goods Corporation (Nasdaq: BGFV) announced that Steven G. Miller, Chairman and CEO, and Barry Emerson, Sr. VP and CFO, will present at the 23rd Annual ICR Conference from January 11-14, 2021. Their presentation is scheduled for January 13 at 12:30 PM ET. It will be broadcast live on the Company's website, with a replay available afterward. Big 5 operates 430 stores in the western U.S., offering a wide range of sporting goods including athletic shoes, apparel, and outdoor equipment.
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