Zacks Initiates Coverage of Big 5 With Underperform Recommendation [Yahoo! Finance]
Big 5 Sporting Goods Corporation (BGFV)
Last big 5 sporting goods corporation earnings: 2/25 04:01 pm
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US:NASDAQ Investor Relations:
big5sportinggoods.com/store/company/investorrelations
Company Research
Source: Yahoo! Finance
The detailed report points to a range of financial and operational headwinds that may impact the company's long-term prospects. Big 5's sales have declined 10.8% over the first nine months of 2024, largely due to persistent inflation, which has weakened consumer spending on non-essential items like sporting goods. Same-store sales dropped 10.2%, and gross profit margins contracted from 32.9% to 29.9% due to aggressive discounting to attract price-sensitive customers. This reliance on promotional strategies not only reduces profitability but also erodes the brand's long-term pricing power. Additional headwinds include rising store occupancy and distribution expenses, which increased by $4.1 million in the first nine months of 2024. These escalating costs reduce Big 5's operating flexibility and come at a time when sales are declining, creating a challenging environment for margin recovery. Meanwhile, the competitive landscape has shifted significantly as digital-first and omnicha
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BGFV
Earnings
- 10/29/24 - Miss
BGFV
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/30/24 - Form 10-Q
- BGFV's page on the SEC website