Edition:
India

Big 5 Sporting Goods Corp Reports Q4 Sales Of $243.2 Mln Versus $266.3 Mln


Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Big 5 Sporting Goods Corp ::- FOR FISCAL 2017 Q4, CO NOW EXPECTS TO REALIZE A LOSS PER SHARE IN RANGE OF $0.08 TO $0.13, EXCLUDING ITEMS.BIG 5 SPORTING GOODS CORPORATION ANNOUNCES FISCAL 2017 FOURTH QUARTER AND FULL YEAR SALES RESULTS AND UPDATE OF EARNINGS GUIDANCE.Q4 SALES $243.2 MILLION VERSUS $266.3 MILLION.Q4 SAME STORE SALES FELL 9.4 PERCENT.- FOR FISCAL 2017 FY, CO CURRENTLY EXPECTS TO REALIZE EARNINGS PER SHARE IN RANGE OF $0.52 TO $0.57, EXCLUDING ITEMS.- "DISAPPOINTING" Q4 PERFORMANCE "WAS LARGELY RESULT OF AN EXTRAORDINARILY CHALLENGING DECEMBER PERIOD".- "OUR DECEMBER SALES WERE IMPACTED BY A DECLINE OF NEARLY 50% IN OUR CORE WINTER PRODUCT CATEGORIES".BIG 5 SPORTING GOODS - "UNFAVORABLE WINTER WEATHER CONDITIONS IN OUR MARKETS HAVE CONTINUED" INTO Q1 START, & "SALES COMPARISONS REMAIN VERY CHALLENGING".BIG 5 SPORTING GOODS - BELIEVES ADJUSTMENT OF DEFERRED TAX ASSETS WILL RESULT IN 1-TIME NON-CASH EXPENSE OF ABOUT $0.25 TO $0.30 PER SHARE IN Q4.