Sales trends in Q2 to-date remain challenging for Big 5

04 May '11

4 min read

Quarterly Cash Dividend

The Company's Board of Directors has declared a quarterly cash dividend of $0.075 per share of outstanding common stock, which will be paid on June 15, 2011 to stockholders of record as of June 1, 2011.

Guidance

For the fiscal 2011 second quarter, the Company expects same store sales in the flat to negative low single-digit range and earnings per diluted share in the range of $0.06 to $0.14. For comparative purposes, the Company's earnings per diluted share for the second quarter of fiscal 2010 were $0.22.

Store Openings

During the first quarter of fiscal 2011, the Company opened two new stores, both of which were relocations, and closed two stores as part of relocations that began in late 2010. The Company ended the fiscal 2011 first quarter with 396 stores and anticipates closing one store during the fiscal 2011 second quarter as part of a relocation that began in late 2010. Excluding stores closed as part of relocations that began last year, the Company currently expects to open between 10 and 15 net new stores during fiscal 2011.

Big 5 Sporting Goods Corporation

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