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Big 5 Sporting Goods Q4 sales rise 5.1%

11
Jan '06

Leading sporting goods retailer, Big 5 Sporting Goods Corporation reported net sales for its fourth quarter and full fiscal year ended January 1, 2006.

For the 13-week fiscal 2005 fourth quarter, net sales were $217.1 million, versus net sales of $217.6 million for the 14-week fourth quarter of fiscal 2004.

Fiscal 2004 included 53 weeks, with the extra week included in the Company's fourth quarter.

On a comparable 13-week basis for both fiscal 2005 and fiscal 2004, net sales increased 5.1 percent and same store sales increased 1.5 percent.

This same store sales increase represented the Company's 40th consecutive quarter of positive same store sales comparisons.

The Company's results were impacted by unfavorable winter weather comparisons in California and the southwest, which were partially offset by favorable winter weather comparisons in the northwest.

Sales of non-winter-related products were generally in line with the Company's expectations for the quarter.

For the 52 weeks ended January 1, 2006, net sales increased 3.8 percent to $812.1 million from $782.2 million for the corresponding 53-week fiscal year in 2004.

On a comparable 52-week basis for both fiscal 2005 and 2004, net sales increased 5.7 percent and same store sales increased 2.4 percent.

During the fourth quarter, the Company experienced higher costs than anticipated related to the ongoing transition to the Company's new distribution center in Riverside, California.

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