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Big 5 Sporting (BGFV) Sees Q4, FY12 EPS to Weak-Side of Guidance

January 14, 2013 4:16 PM EST
Big 5 Sporting Goods Corp (NASDAQ: BGFV) reported sales results for the fiscal 2012 fourth quarter and full year ended December 30, 2012.

For the fiscal 2012 fourth quarter, net sales were $243.6 million, compared to net sales of $226.7 million for the fourth quarter of fiscal 2011. Same store sales increased 6.5% for the fourth quarter of fiscal 2012. The Company's merchandise margins increased approximately 20 basis points from the fourth quarter of fiscal 2011.

For the fiscal 2012 full year, net sales increased to $940.5 million from $902.1 million for the fiscal 2011 full year. Same store sales increased 2.5% for the fiscal 2012 full year.

For the fiscal 2012 fourth quarter, the Company now expects to realize earnings per diluted share in the range of $0.17 to $0.19. During the fiscal 2011 fourth quarter, the Company's earnings per diluted share were $0.00, including a non-cash impairment charge of $0.05 per diluted share. For the fiscal 2012 full year, the Company now expects to realize earnings per diluted share in the range of $0.67 to $0.69, including store closing and non-cash impairment charges of $0.04 per diluted share, compared to earnings per diluted share for fiscal 2011 of $0.53, including non-cash impairment charges of $0.07 per diluted share.

*** The Street sees Q4 EPS of $0.19 and revs of $241.1 million. FY12 EPS expected to be $0.70 with revs of $938 million.


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