Big 5 Sporting Goods: Rises on reinstated dividend, strong forecast

Big 5 Sporting Goods

28/07/2020 22:05

** Sporting goods retailer's shares  BGFV.O  soar 51.5% to
$6.77 after the bell
    ** Big 5 reinstates quarterly cash dividend at previous rate
of $0.05 per share of outstanding common stock; to pay $0.10 per
share on Sept. 15, including an additional $0.05 per share
recognizing non-payment of dividend in Q2
    ** BGFV expects Q3 same-store sales to rise 14%-20% after
seeing a 31.9% jump in July; it decreased 4.2% in Q2
    ** Helped by lower promotional activity and strong Q2
profit, BGFV sees Q3 earnings between $1.00 and $1.30 per share,
up from 30 cents a year earlier  urn:newsml:reuters.com:*:nGNX7G75LR
    ** Stock up 49% this year

 (Reporting by Praveen Paramasivam in Bengaluru)
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