From GlobeNewswire: 2025-02-25 16:01:00

Big 5 Sporting Goods Corporation reported a net loss of $20.9 million for the fourth quarter of fiscal 2024, compared to a net loss of $8.9 million in the same period in fiscal 2023. Gross profit for the quarter was $51.2 million, down from $59.2 million in the prior year, with same store sales decreasing by 6.1%. Adjusted EBITDA was a negative $16.4 million for the quarter. For the full fiscal year 2024, net sales were $795.5 million, down from $884.7 million in fiscal 2023. The company expects same store sales to be down in the mid to high single digit range for the first quarter of fiscal 2025. Big 5 currently operates 414 stores, with plans to close seven more stores in the coming year. The company’s credit facility with Bank of America was extended to December 2029, with $13.8 million in borrowings and $5.4 million in cash at the end of the fourth quarter of fiscal 2024. The company’s merchandise inventories decreased by 5.6% compared to the prior year. The company will host a conference call to discuss these results on February 25, 2025.



Read more at GlobeNewswire: Big 5 Sporting Goods Corporation Announces Fiscal 2024