Financial Performance - Net sales for the 13 weeks ended September 29, 2024, were $220,598,000, a decrease of 8.0% compared to $239,889,000 for the same period in 2023[7]. - Gross profit for the 39 weeks ended September 29, 2024, was $183,333,000, down 19.1% from $226,605,000 in the prior year[7]. - The company reported a net loss of $29,901,000 for the 13 weeks ended September 29, 2024, compared to a net income of $1,858,000 for the same period in 2023[7]. - For the 39 weeks ended September 29, 2024, the net loss was $48,191 thousand compared to a net income of $1,769 thousand for the same period in the previous year[11]. - Basic loss per share for the 13 weeks ended September 29, 2024, was $(1.36), compared to earnings of $0.09 per share for the same period in 2023[7]. - The Company reported a basic loss per share of $(1.36) for the third quarter of fiscal 2024, compared to a profit of $0.09 in the same quarter of fiscal 2023[63]. Assets and Liabilities - Total current assets decreased to $288,854,000 as of September 29, 2024, from $310,175,000 as of December 31, 2023, reflecting a decline of 6.9%[5]. - Total liabilities increased to $415,992,000 as of September 29, 2024, compared to $400,269,000 as of December 31, 2023, representing a rise of 3.9%[5]. - The company’s total assets decreased to $611,814,000 as of September 29, 2024, from $644,683,000 as of December 31, 2023, a decline of 5.1%[5]. - The company’s retained earnings decreased to $119,257,000 as of September 29, 2024, down 29.7% from $169,667,000 as of December 31, 2023[5]. Cash Flow and Investments - Net cash provided by operating activities was $9,128 thousand, a decrease of 56.6% from $21,064 thousand in the prior year[11]. - Cash and cash equivalents at the end of the period were $3,991 thousand, a significant decrease from $17,870 thousand at the end of the previous year[11]. - The company reported a net cash used in investing activities of $8,827 thousand, compared to $8,186 thousand in the prior year[11]. Sales and Revenue - Total net sales for the 39 weeks ended September 29, 2024, were $613,849 thousand, down 10.8% from $688,395 thousand in the previous year[26]. - Hardgoods sales decreased to $335,462 thousand from $375,105 thousand, representing a decline of 10.6% year-over-year[26]. - Athletic and sport footwear sales fell to $153,349 thousand, down 10.0% from $170,397 thousand in the prior year[26]. Expenses - Selling and administrative expenses for the 39 weeks ended September 29, 2024, were $218,645,000, slightly down from $224,114,000 in the previous year[7]. - Occupancy expenses increased to $10.22 million as of September 29, 2024, from $8.66 million as of December 31, 2023[45]. - Total accrued expenses were $60.26 million as of September 29, 2024, compared to $61.28 million as of December 31, 2023[45]. Leases and Commitments - The current portion of operating lease liabilities was $69,939,000 as of September 29, 2024, compared to $70,372,000 as of December 31, 2023, indicating a minor decrease[5]. - Total lease expense for the 13 weeks ended September 29, 2024, was $27,173,000, compared to $26,870,000 for the same period in 2023, reflecting an increase of 1.1%[49]. - The Company had outstanding letter of credit commitments of $5.2 million as of September 29, 2024, compared to $2.0 million as of December 31, 2023[58]. Share-Based Compensation - The Company recognized $0.7 million in share-based compensation expense for the 13 weeks ended September 29, 2024, compared to $2.1 million for the same period in fiscal 2023[69]. - The Company granted 272,000 share option awards in the first nine months of fiscal 2024, with a weighted-average grant-date fair value of $2.52 per share option award[71]. - The total fair value of nonvested share awards that vested during the first nine months of fiscal 2024 was $1.0 million, down from $2.0 million in the same period of fiscal 2023[77]. Accounting and Compliance - The Company expects to adopt new accounting standards updates by December 29, 2024, which may impact future financial disclosures[19]. - The interim financial information has been reviewed and found to conform with accounting principles generally accepted in the United States[81]. - The consolidated balance sheet as of December 31, 2023, was previously audited and expressed an unqualified opinion, indicating fair presentation in all material respects[82].

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Steve Miller - President & Chief Executive Officer Barry Emerson - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. Welcome to the Big 5 Sporting Goods Third 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, Chi ...

Exhibit 99.1 Contact: Big 5 Sporting Goods Corporation Barry Emerson Executive Vice President and Chief Financial Officer (310) 536-0611 ICR, Inc. Jeff Sonnek Managing Director (646) 277-1263 BIG 5 SPORTING GOODS CORPORATION ANNOUNCES FISCAL 2024 THIRD QUARTER RESULTS EL SEGUNDO, Calif., October 29, 2024 — Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company," "we," "our," "us," "Big 5"), a leading sporting goods retailer, today reported financial results for the fiscal 2024 third quarter ended Sep ...

EL SEGUNDO, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company," "we," "our," "us," "Big 5"), a leading sporting goods retailer, today reported financial results for the fiscal 2024 third quarter ended September 29, 2024. "Our third quarter performance reflected the impact of ongoing economic pressures on consumer discretionary spending," commented Steven G. Miller, Chairman, President and CEO. "Despite these challenges, we're encouraged by the fact that ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value BGFV The Nasdaq Stock Market LLC 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 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ t ...

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Steven Miller - President and Chief Executive Officer Barry Emerson - Chief Financial Officer 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 ...

Exhibit 99.1 Contact: Big 5 Sporting Goods Corporation Barry Emerson Executive Vice President and Chief Financial Officer (310) 536-0611 ICR, Inc. Jeff Sonnek Managing Director (646) 277-1263 BIG 5 SPORTING GOODS CORPORATION ANNOUNCES FISCAL 2024 SECOND QUARTER RESULTS EL SEGUNDO, Calif., July 30, 2024 — Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company," "we," "our," "us," "Big 5"), a leading sporting goods retailer, today reported financial results for the fiscal 2024 second quarter ended June ...

EL SEGUNDO, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company," "we," "our," "us," "Big 5"), a leading sporting goods retailer, today reported financial results for the fiscal 2024 second quarter ended June 30, 2024. "Our second quarter results were consistent with our guidance range, as our customers continue to feel the ongoing and cumulative impact of inflationary pressures on their discretionary spending," stated Steven G. Miller, the Company's Chair ...

EL SEGUNDO, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company"), a leading sporting goods retailer, will announce second quarter fiscal 2024 financial results on Tuesday, July 30, 2024, after the market close. In addition, the call will be broadcast live over the Internet and accessible through the Company's website at www.big5sportinggoods.com. Visitors to the website should select the "Investor Relations" link to access the webcast. The webcast will be ...

EL SEGUNDO, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the "Company"), a leading sporting goods retailer, will announce second quarter fiscal 2024 financial results on Tuesday, July 30, 2024, after the market close. About Big 5 Sporting Goods Corporation ICR, Inc. Jeff Sonnek Managing Director (646) 277-1263 In addition, the call will be broadcast live over the Internet and accessible through the Company's website at www.big5sportinggoods.com. Visitors to the ...