Home / Knowledge / News / Apparel/Garments / Big 5 Sporting posts 1.8% rise in Q4FY'13
Big 5 Sporting posts 1.8% rise in Q4FY'13
27
Jan '14
Big 5 Sporting Goods Corporation, a leading sporting goods retailer, reported sales results for the fiscal 2013 fourth quarter and full year ended December 29, 2013.
 
Highlights:
-Reports Fourth Quarter Net Sales Increase of 1.8% and Same Store Sales Decrease of 0.5%
-Reports Fiscal 2013 Net Sales Increase of 5.6% and Same Store Sales Increase of 3.9%
-Narrows Fourth Quarter Earnings Guidance to a Range of $0.21 - $0.23 per Diluted Share, Including $0.01 for E-commerce Development Costs, Compared to Prior Year Period Earnings per Diluted Share of $0.19
 
For the fiscal 2013 fourth quarter, net sales increased 1.8% to $248.0 million from net sales of $243.6 million for the fourth quarter of fiscal 2012. Same store sales decreased 0.5% for the fourth quarter of fiscal 2013 versus the prior year period. 
 
For comparison purposes, the Company's same store sales increased 6.5% for the fourth quarter of fiscal 2012 over the fourth quarter of the prior year. The Company's merchandise margins for the fourth quarter of fiscal 2013 increased 47 basis points from the same period in the prior year.
 
For the fiscal 2013 full year, net sales increased 5.6% to $993.3 million from $940.5 million for fiscal 2012.  Same store sales increased 3.9% for the fiscal 2013 full year.
 
For the fiscal 2013 fourth quarter, the Company now expects to realize earnings per diluted share in the range of $0.21 to $0.23.  This guidance reflects anticipated expenses associated with the development of the Company's new e-commerce platform of approximately $0.01 per diluted share.  For comparison purposes, the Company's earnings per diluted share for the fourth quarter of fiscal 2012 were $0.19. 
 
For the fiscal 2013 full year, the Company now expects to realize earnings per diluted share in the range of $1.24 to $1.26, including legal settlement charges of $0.04 per diluted share and e-commerce development expenses of approximately $0.02 per diluted share, compared to earnings per diluted share for fiscal 2012 of $0.69, including store closing and non-cash impairment charges of $0.04 per diluted share.


Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search