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Big 5 Sporting Goods Corp (BGFV) Reports In-Line Q1 EPS

April 28, 2015 4:32 PM

Big 5 Sporting Goods Corp (NASDAQ: BGFV) reported Q1 EPS of $0.11, in-line with the analyst estimate of $0.11. Revenue for the quarter came in at $243.6 million versus the consensus estimate of $242.81 million.

Big 5 Sporting Goods Corp sees Q2 2015 EPS of $0.12-$0.17, versus the consensus of $0.15.

"We are pleased to deliver solid sales and earnings growth for the first quarter," said Steven G. Miller, the Company's Chairman, President and Chief Executive Officer. "As previously reported, we had a strong start to the quarter with outstanding winter weather conditions in our western U.S. markets and comped very positively in January. Sales turned negative in February due to the unseasonably warm weather and positive again in March as we moved into the spring season. We experienced a low single-digit improvement in both customer traffic and average sale for the quarter, and our same store sales improved for each of our major product categories of apparel, footwear and hardgoods. Our ongoing initiatives to offer more branded products at stepped up price points benefitted our apparel and footwear categories, and strength across a number of product areas benefitted our hardgoods category. We are particularly pleased with the performance of our hardgoods category given that we continued to be negatively impacted by comparisons in our firearm-related product categories, although to a lesser degree than we experienced over the course of 2014."

Mr. Miller continued, "We are off to a solid start for the second quarter, as we continue to experience strength across a broad array of product categories. We believe that we are well positioned from a merchandise, marketing and operations standpoint as we transition into the summer selling season."

For earnings history and earnings-related data on Big 5 Sporting Goods Corp (BGFV) click here.

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