Big 5 Sporting Goods Corp. ( (BGFV) ) has released its Q2 earnings. Here is a breakdown of the information Big 5 Sporting Goods Corp. presented to its investors.
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Big 5 Sporting Goods Corporation is a prominent sporting goods retailer based in the western United States, offering a diverse range of products including athletic shoes, apparel, and equipment for various sports and outdoor activities through its 414 stores.
In its fiscal 2025 second quarter report, Big 5 Sporting Goods Corporation reported a decline in net sales to $184.9 million from $199.8 million in the same period last year. The company also experienced a decrease in same-store sales by 6.1% compared to the previous year.
Key financial metrics revealed a gross profit of $52.2 million, down from $58.7 million in the prior year, with a gross profit margin of 28.2%. The company reported a net loss of $24.5 million, or $1.11 per basic share, compared to a net loss of $10.0 million in the second quarter of fiscal 2024. Adjusted EBITDA was negative $14.7 million, worsening from negative $8.7 million the previous year. The increase in selling and administrative expenses was attributed to merger-related costs and higher employee benefit expenses.
Looking ahead, Big 5 Sporting Goods Corporation is progressing with its pending go-private transaction with Worldwide Golf and Capitol Hill Group, expected to close in the second half of 2025. The company aims to maximize shareholder value through this transaction while navigating the challenging economic environment.