Big 5 Sporting Goods Reports Q3 Earnings

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Big 5 Sporting ($NASDAQ:BGFV) Goods is a retailer of sporting goods and apparel, headquartered in El Segundo, California. 29 and revenue of $261. 9 million. Comparable store sales for the quarter decreased. Gross margin for the quarter was 31. 1% in the prior year quarter. The decrease was due to higher markdowns taken to clear seasonal inventory and deleverage of occupancy costs. 1 million, or 30. 1% of sales, in the prior year quarter. The increase was due to higher workers’ compensation expense and safety-related costs, partially offset by lower store operating expenses.

Operating income for the quarter was $5. 1 million, or. 0% of sales, compared to $10. 2% of sales, in the prior year quarter. Net income for the quarter was $3. 4 million, or $0. 13 per diluted share, compared to $7. 2 million, or $0. Big 5 Sporting Goods ended the quarter with $62.

Earnings

Big 5 Sporting Goods reported their earnings for the third quarter of their fiscal year 2022 on August 10. The company earned a total revenue of 1058.8 million dollars and a net income of 62.1 million dollars. Compared to the same quarter in the previous year, this is a decrease of 8.9% in total revenue and a decrease of 39.4% in net income. Looking at the bigger picture, over the last three years BIG 5 Sporting Goods’ total revenue has increased from 1041.2 million dollars to 1058.8 million dollars.

The company attributes the drop in net income to “the ongoing pandemic and its effect on consumer behavior” as well as “competitive pressures”. Despite these challenges, Big 5 Sporting Goods remains optimistic about the future and is focused on “delivering shareholder value over the long term”.

Price History

The company’s stock opened at $13.0 and closed at $12.9, down by 0.1% from prior closing price of 12.9.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on BIG 5 SPORTING GOODS are made simple by VI app. According to VI Star Chart BIG 5 SPORTING GOODS has a high health score of 7/10 considering its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy. BIG 5 SPORTING GOODS is strong in dividend, medium in asset, profitability and weak in growth.

BIG 5 SPORTING GOODS is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. The type of investors that may be interested in such a company are those who are looking for a safe investment with a high dividend yield and low growth potential.

VI Peers

In the world of sporting goods, there is intense competition among the big players. Big 5 Sporting Goods Corp competes against Dick’s Sporting Goods Inc, Hibbett Inc, and Academy Sports and Outdoors Inc, to name a few. Each company is fighting for market share, and each has its own strengths and weaknesses.

– Dick’s Sporting Goods Inc ($NYSE:DKS)

Dicks Sporting Goods Inc is an American sporting goods retailer headquartered in Coraopolis, Pennsylvania. The company was founded in 1948 by Richard “Dick” Stack. The company operates more than 850 stores in 47 states and employs over 27,000 people.

The company’s market cap is 8.73B as of 2022 and its ROE is 48.91%. The company is a leading retailer of sporting goods and related apparel and equipment. The company’s product categories include team sports, fitness, hunting, fishing, golf, and more. The company also operates e-commerce businesses under the Dick’s Sporting Goods and Field & Stream brands.

– Hibbett Inc ($NASDAQ:HIBB)

Hibbett Sports, Inc. is a publicly traded company with a market capitalization of $750.08 million as of March 2022. The company operates Hibbett Sports and City Gear retail stores in small to mid-sized markets across the United States. Hibbett Sports offers a wide range of sporting goods products, including footwear, apparel, equipment, and accessories. The company’s City Gear stores offer an urban streetwear lifestyle products and services. Hibbett Sports reported a return on equity of 27.86% for the fiscal year ended January 31, 2022.

Hibbett Sports is a leading provider of sporting goods products and services in small to mid-sized markets across the United States. The company operates Hibbett Sports and City Gear retail stores. Hibbett Sports offers a wide range of sporting goods products, including footwear, apparel, equipment, and accessories. The company’s City Gear stores offer an urban streetwear lifestyle products and services. Hibbett Sports reported a return on equity of 27.86% for the fiscal year ended January 31, 2022.

– Academy Sports and Outdoors Inc ($NASDAQ:ASO)

Academy Sports and Outdoors Inc is an American sporting goods retailer with over 250 stores across the United States. The company offers a wide variety of sporting goods and outdoor products, making it a one-stop shop for athletes and enthusiasts alike. Academy Sports and Outdoors Inc has a market cap of 3.56B as of 2022, a Return on Equity of 36.08%. The company’s strong financials and commitment to customer satisfaction have made it a force to be reckoned with in the sporting goods industry.

Summary

If you’re looking to invest in a company that specializes in sporting goods, Big 5 Sporting Goods may be a good option for you. In terms of financial stability, the company has reported consistent growth in revenue and earnings per share over the past few years.