Big 5 Sporting Goods: Catapults on upbeat preliminary results for Q2

Big 5 Sporting Goods

09/07/2020 13:58

** Shares of sporting goods retailer  BGFV.O  more than
double to $4 before the bell - set to open over five-month high 
    ** Co expects Q2 net sales to be about $228 mln, compared
with $241 mln a year earlier  urn:newsml:reuters.com:*:nGNX41D5r1 
    ** "As we reopened stores our product assortment and
convenience clearly resonated with consumers and for the second
half of the second quarter our same store sales increased by
15.5%... with very strong merchandise margins" - CEO Steven 
Miller
    ** Says sales and margin momentum has continued into start
of Q3 
    ** In prelim results, Q2 EPS expected in range of 52 cents
to 54 cents 
    ** Stock down ~27% YTD 

 (Reporting by Nivedita Balu in Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))