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Big 5 Sporting Goods(BGFV) - 2026 Q2 - Quarterly Report
2025-07-30 17:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ to ____________________ Commission file number: 000-49850 BIG 5 SPORTING GOODS CORPORATION (Exact name of registrant as specified in its charter ...
Big 5 Sporting Goods(BGFV) - 2026 Q2 - Quarterly Results
2025-07-29 20:06
Exhibit 99.1 Adjusted EBITDA was a negative $14.7 million for the second quarter of fiscal 2025, compared to negative $8.7 million in the prior year period. EBITDA and Adjusted EBITDA are non-GAAP financial measures. See "Non-GAAP Financial Measures" below for more details and a reconciliation of non-GAAP EBITDA and Adjusted EBITDA to the most comparable GAAP measure, net income. Contact: Big 5 Sporting Goods Corporation Barry Emerson Executive Vice President and Chief Financial Officer (310) 536-0611 ICR, ...
Big 5 Sporting Goods Sold to Worldwide Golf for $112 Million
PYMNTS.com· 2025-07-06 22:27
Company Overview - Big 5, a sporting goods retailer based in the western U.S., has been sold for $112 million [1] - The company sells athletic shoes, apparel, accessories, and outdoor and athletic equipment for various sports and recreational activities [4] Transaction Details - The buyers are a partnership consisting of Worldwide Golf, another retailer in the sporting goods space, and private investment firm Capital Hill Group [2] - The deal is expected to enhance Big 5's ability to serve customers while maximizing value for stockholders, according to Big 5's CEO Steven G. Miller [3] Strategic Implications - The transaction combines Capitol Hill's financial resources with Worldwide Golf's specialty retail expertise, providing Big 5 with the necessary resources to strengthen its market position [3]
$HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Big 5 Sporting Goods Corp. (NASDAQ: BGFV)
GlobeNewswire News Room· 2025-07-02 21:48
Group 1 - The law firm Monteverde & Associates PC is investigating Big 5 Sporting Goods Corp. regarding its sale to a partnership for $1.45 per share in cash, questioning the fairness of the deal [1] - Monteverde & Associates PC has a successful track record in recovering millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1][2] - The firm operates from the Empire State Building in New York City and offers free consultations for shareholders concerned about the sale [1][3] Group 2 - The firm emphasizes that not all law firms are equal and encourages potential clients to inquire about their track record before hiring [2] - Monteverde & Associates PC has litigated successfully in trial and appellate courts, including the U.S. Supreme Court [2] - The firm provides contact information for shareholders seeking additional information or assistance regarding their concerns [3]
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MRC and BGFV on Behalf of Shareholders
GlobeNewswire News Room· 2025-07-02 10:46
Group 1 - Halper Sadeh LLC is investigating MRC Global Inc. for potential violations related to its sale to DNOW Inc. at a ratio of 0.9489 shares of DNOW for each share of MRC [1] - Big 5 Sporting Goods Corp. is being investigated for its sale to a partnership for $1.45 per share in cash [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]
Shareholder Alert: The Ademi Firm investigates whether Big 5 Sporting Goods Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-30 17:00
MILWAUKEE, June 30, 2025 /PRNewswire/ -- The Ademi Firm is investigating Big 5 (Nasdaq: BGFV) for possible breaches of fiduciary duty and other violations of law in its transaction with Worldwide Golf and Capitol Hill Group.Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.In the transaction, shareholders of Big 5 will receive $1.45 per share, with total enterprise value of ...
Big 5 Sporting Goods Corporation Enters Into Definitive Agreement to Be Acquired by a Partnership Comprised of Worldwide Golf and Capitol Hill Group
Globenewswire· 2025-06-30 12:30
Core Viewpoint - Big 5 Sporting Goods Corporation has entered into a definitive merger agreement to be acquired by a partnership of Worldwide Golf and Capitol Hill Group in an all-cash transaction valued at approximately $112.7 million, including the assumption of about $71.4 million in credit line borrowings as of June 29, 2025 [1][4] Company Overview - Big 5 operates 414 stores in the western United States, offering a full-line product range in a traditional sporting goods store format averaging 12,000 square feet, including athletic shoes, apparel, accessories, and outdoor and athletic equipment [6] - The company aims to continue its legacy of providing quality sporting goods at exceptional value while maximizing stockholder value through this merger [3] Merger Details - Under the terms of the agreement, Big 5 stockholders will receive $1.45 per share in cash, representing a premium of approximately 36% to the company's 60-day volume weighted average price [2] - The transaction has been unanimously approved by Big 5's Board of Directors and is subject to stockholder approval, with an expected closing in the second half of 2025 [4] Strategic Implications - The acquisition combines Capitol Hill Group's financial resources with Worldwide Golf's retail expertise, providing Big 5 with long-term capital and strategic support to enhance growth and competitive positioning in the sporting goods retail sector [3][4] - Big 5 will remain an independent entity within the Capitol Hill Group portfolio, leveraging the combined resources of the partnership [3] Related Entities - Worldwide Golf is a leading golf retailer in the U.S. and Canada, operating over 95 stores and a strong e-commerce presence [7] - Capitol Hill Group is a private investment firm with diversified holdings, including retail, and has been active since 1992 [8]
Big 5 Sporting Goods Stock Rises 4% Despite Wider Y/Y Loss in Q1
ZACKS· 2025-05-05 18:35
Shares of Big 5 Sporting Goods Corporation (BGFV) have gained 4.2% since the company reported its earnings for the quarter ended March 30, 2025. This compares to the S&P 500 index’s 2.9% growth over the same time frame. Over the past month, the stock has gained 15.3% compared with the S&P 500’s 12.3% growth, signaling investor confidence amid a challenging consumer environment.For the first quarter of fiscal 2025, Big 5 incurred a net loss of 78 cents per share, wider than the net loss of 38 cents per share ...
Big 5 Sporting Goods(BGFV) - 2026 Q1 - Quarterly Report
2025-04-30 17:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ to ____________________ Commission file number: 000-49850 BIG 5 SPORTING GOODS CORPORATION (Exact name of registrant as specified in its charte ...
Big 5 Sporting Goods(BGFV) - 2025 Q1 - Earnings Call Transcript
2025-04-30 01:34
Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $175.6 million, down from $193.4 million in the prior year, with same-store sales decreasing by 7.8% compared to Q1 2024 [6] - Gross profit for Q1 2025 was $54.3 million, compared to $60.4 million in the same quarter last year, resulting in a gross profit margin of 30.9%, down from 31.2% [13] - The net loss for Q1 2025 was $17.3 million, or $0.78 per basic share, compared to a net loss of $8.3 million, or $0.38 per basic share in Q1 2024 [14] - EBITDA for Q1 2025 was negative $12 million, compared to negative EBITDA of $6.5 million in the prior year [15] Business Line Data and Key Metrics Changes - On a same-store basis, hard goods decreased by 4.7%, apparel declined by 8.7%, and footwear was down by 11.8% [7] - Transactions for the period were down 5.3%, and the average sale decreased by 2.5% [8] Market Data and Key Metrics Changes - Sales in January and February were particularly challenging due to unfavorable seasonal weather, resulting in winter-related sales down nearly 25% [6] - March same-store sales were flat compared to the prior year, benefiting from an approximate 300 basis point impact from the Easter calendar shift [7] Company Strategy and Development Direction - The company continues to optimize its store portfolio, closing eight stores in Q1 2025 and anticipating the closure of approximately seven additional stores throughout the year [10] - The company is focused on capitalizing on sales opportunities during high-volume periods such as Memorial Day and Father's Day, with healthy inventory levels prepared in advance of tariff impacts [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the fluidity of macroeconomic conditions and the uncertainty in the overall environment, emphasizing the need to monitor tariffs and their impact on the supply chain and consumer spending [12] - For Q2 2025, the company expects same-store sales to be down in the low to mid-single-digit range, reflecting ongoing macroeconomic headwinds [17] Other Important Information - Merchandise inventory at the end of Q1 2025 increased by 6.5% year over year, primarily due to earlier scheduling of spring and summer merchandise deliveries [15] - Capital expenditures for Q1 2025 totaled $1.7 million, with expectations for full-year CapEx in the range of $4 million to $7 million [16] Q&A Session Summary Question: What are the expectations for same-store sales in Q2 2025? - Management expects same-store sales to be down in the low to mid-single-digit range compared to Q2 2024, influenced by macroeconomic headwinds and calendar shifts [17] Question: How is the company managing inventory levels? - The company believes its inventory is well positioned to drive sales during the upcoming summer season, having received products in advance of tariff impacts [15]