Big 5 Sporting Goods hits over three-year low on wider Q4 loss forecast

Big 5 Sporting Goods

17/01/2024 16:25

** Shares of retailer Big 5 Sporting Goods  BGFV.O  extend
losses, down as much as 18.3% to more than a three-year low at
$4.25
    ** On Tuesday, co said it expects to report a wider loss in
Q4, in the range of 0.38 cents to 0.40 cents per share compared
with prior forecast of 0.20 cents to 0.35 cents per share
    ** Co sees Q4 net sales of $196.3 mln compared with $238.3
mln a year ago
    ** If losses hold, stock set for fifth straight session of
losses and worst day since Nov. 1
    ** "Our fourth quarter results were challenged by
extraordinarily unfavorable winter weather conditions across our
western footprint" - CEO Steven G. Miller
    ** In 2023, stock was down nearly 28%

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com;))