Big 5 Sporting Goods Corp
NASDAQ:BGFV
Big 5 Sporting Goods Corp
Big 5 Sporting Goods Corp. operates as a holding company. The company is headquartered in El Segundo, California and currently employs 7,800 full-time employees. The company went IPO on 2002-01-01. The firm conducts its business through its subsidiary, Big 5 Corp. The firm is operating approximately 431 stores and an e-commerce platform under the Big 5 Sporting Goods name. The company provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Its product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation. Its stores include a range of products from various brand name manufacturers, including adidas, Coleman, Columbia, Everlast, New Balance, Timex, Nike, Rawlings, Skechers, Spalding, Under Armour and Wilson. The firm conducts its gift card operations through Big 5 Services Corp., a subsidiary of Big 5 Corp.
Big 5 Sporting Goods Corp. operates as a holding company. The company is headquartered in El Segundo, California and currently employs 7,800 full-time employees. The company went IPO on 2002-01-01. The firm conducts its business through its subsidiary, Big 5 Corp. The firm is operating approximately 431 stores and an e-commerce platform under the Big 5 Sporting Goods name. The company provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Its product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation. Its stores include a range of products from various brand name manufacturers, including adidas, Coleman, Columbia, Everlast, New Balance, Timex, Nike, Rawlings, Skechers, Spalding, Under Armour and Wilson. The firm conducts its gift card operations through Big 5 Services Corp., a subsidiary of Big 5 Corp.
Sales Decline: Revenue for Q1 2025 fell to $175.6 million, down from $193.4 million last year, with same-store sales decreasing 7.8%.
Weather Impact: Poor winter weather, especially in the southern store regions, hurt sales in January and February, with winter-related sales down nearly 25%.
Inventory Strategy: Inventory rose 6.5% year-over-year due to earlier receipts, helping the company prepare for summer and mitigate near-term tariff impacts.
Profitability Drop: Net loss widened to $17.3 million, or $0.78 per share, compared to a $8.3 million loss last year; EBITDA was negative $12 million versus negative $6.5 million.
Guidance Lowered: Q2 2025 same-store sales expected to be down low to mid-single digits, and projected Q2 net loss per share is $0.75 to $0.90, worse than last year.
Store Closures: Eight stores closed in Q1 with plans to close about seven more through the rest of the year as part of portfolio optimization.
