Big 5 Sporting Goods Corp (STU:BG3)
€ 1.86 0.09 (5.08%) Market Cap: 42.19 Mil Enterprise Value: 297.74 Mil PE Ratio: 0 PB Ratio: 0.21 GF Score: 54/100
Back to the Transcripts List

Q2 2024 Big 5 Sporting Goods Corp Earnings Call Transcript

Jul 30, 2024 / 09:00PM GMT
Release Date Price: €2.48 (-3.88%)

Key Points

Positve
  • Net sales for the second quarter were consistent with guidance.
  • Inventory levels were reduced by 10.8%, aligning with current sales trends.
  • Selling and administrative expenses decreased by $0.2 million year-over-year.
  • The company remains committed to optimizing store labor hours and managing expenses.
  • The balance sheet remains healthy with zero borrowings under the credit facility and a cash balance of $4.9 million.
Negative
  • Net sales for the second quarter decreased to $199.8 million from $223.6 million in the prior year.
  • Same-store sales were down 9.9% for the second quarter.
  • Gross profit margin decreased to 29.4% from 32.2% in the prior year.
  • Net loss for the second quarter was $10 million, compared to a net loss of $0.3 million in the prior year.
  • The company suspended its quarterly cash dividend to maintain financial flexibility.
Operator

Good day, ladies and gentlemen. Welcome to the Big 5 Sporting Goods second quarter 2024 earnings results conference call. Today's call is being recorded. With us today are Mr. Steve Miller, President and Chief Executive Officer, and Mr. Barry Emerson, Chief Financial Officer of Big 5 Sporting Goods. At this time for opening remarks and introductions, I'd like to turn the conference over to Mr. Miller. Please go ahead, sir.

Steven Miller
Big 5 Sporting Goods Corp - Chairman of the Board, President, Chief Executive Officer

Thank you, operator. Good afternoon, everyone. Welcome to our 2024 second quarter conference call. Today, we will review our financial results for the second quarter of fiscal 2024, as well as provide an outlook for the third quarter.

I will now turn the call over to Barry to read our Safe Harbor statement.

Barry Emerson
Big 5 Sporting Goods Corp - Chief Financial Officer, Executive Vice President, Treasurer

Thanks, Steve. Except for statements of historical fact, any remarks that we may

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.