Big 5 Q2 net sales fall, net loss widens

Big 5 Sporting Goods

29/07/2025 21:13

Overview

Big 5 fiscal Q2 net sales fall 7.5% yr/yr, same store sales down 6.1%

Co's gross profit margin declines due to lower merchandise margins, higher costs

Net loss widens to $24.5 mln, impacted by merger expenses and impairments

Outlook

Company expects go-private transaction with Worldwide Golf and Capitol Hill Group  to close in second half of 2025

Big 5 plans to close four stores in Q3 2025

Result Drivers

MERCHANDISE MARGINS - Lower merchandise margins contributed to a decline in gross profit margin

OCCUPANCY COSTS - Increased store occupancy and distribution expenses impacted gross profit margin

MERGER EXPENSES - Selling and administrative expenses rose due to merger-related costs and asset impairments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$184.89 mln
Q2 Net Income
-$24.54 mln
Q2 Adjusted EBITDA
-$14.72 mln
Q2 Gross Profit
$52.16 mln
Q2 Operating income
-$23.20 mln
Q2 Pretax Profit
-$24.53 mln


Press Release: ID:nGNX1vZg5d

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)