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].

Financial Data and Key Metrics Changes - Net sales for Q3 2024 were $220.6 million, down from $239.9 million in the prior year, with same-store sales decreasing by 7.5% [5][12] - Gross profit for Q3 2024 was $64.2 million, compared to $79.6 million in Q3 2023, resulting in a gross profit margin of 29.1% versus 33.2% in the prior year [12] - Net loss for Q3 2024 was $29.9 million or $1.36 per basic share, compared to a net income of $1.9 million or $0.08 per diluted share in Q3 2023 [13][14] - Adjusted EBITDA was negative $5.1 million for Q3 2024, compared to positive EBITDA of $7.4 million in the same quarter last year [14] Business Line Data and Key Metrics Changes - Apparel and footwear categories were down approximately 9%, while hard goods decreased by approximately 6% [6] - Average ticket remained stable with a low single-digit decline, while transaction count was down mid-single digits [6] Market Data and Key Metrics Changes - Inventory levels at the end of Q3 2024 were down 8.7% year-over-year, reflecting efforts to align inventories with sales performance [7][15] - Same-store sales for the first nine months of 2024 decreased by 10.2% compared to the same period last year [14] Company Strategy and Development Direction - The company is adjusting its promotional strategy ahead of Thanksgiving to stimulate sales during a traditionally slow period [8] - Plans to open 3 new stores and close 11 stores as part of optimizing the store base, resulting in 422 stores by year-end [16] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing economic headwinds affecting consumer spending and anticipates same-store sales in Q4 2024 to range from positive low single digits to negative low single digits [7][18] - The company expects to benefit from more normalized weather conditions compared to the previous year, which had significantly impacted winter-related product sales [8][18] Other Important Information - Selling and administrative expenses decreased by $1.6 million year-over-year, but as a percentage of net sales, it increased to 34% in Q3 2024 from 31.9% in Q3 2023 [12][13] - The balance sheet remains healthy with no borrowings under the credit facility and a cash balance of $4 million [17] Summary of Q&A Session - The Q&A session concluded without specific questions or answers being documented in the provided content [21]

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 ...

Financial Data and Key Metrics Changes - Net sales for Q2 2024 were $199.8 million, down from $223.6 million in the prior year, with same-store sales decreasing by 9.9% [8][10] - Gross profit for Q2 2024 was $58.7 million compared to $71.9 million in Q2 2023, resulting in a gross profit margin of 29.4%, down from 32.2% [19] - Net loss for Q2 2024 was $10 million or $0.46 per share, compared to a net loss of $0.3 million or $0.01 per share in Q2 2023 [22] - EBITDA for Q2 2024 was negative $8.7 million, compared to positive $4.2 million in the same period last year [22] Business Line Data and Key Metrics Changes - Apparel sales were down approximately 8%, footwear down approximately 9%, and hardgoods down approximately 11% [10] - Average ticket prices decreased in low single-digits, while transaction counts fell in high single-digits, reflecting macroeconomic challenges [10] Market Data and Key Metrics Changes - Same-store sales for the first half of 2024 decreased by 11.7% compared to the same period last year [23] - Merchandise inventory at the end of Q2 2024 decreased by 10.8% year-over-year, indicating efforts to align inventory with sales trends [25] Company Strategy and Development Direction - The company is focused on managing expenses and optimizing store labor hours in response to inflationary pressures [20][21] - Plans to open approximately three new stores and close about 11 stores to optimize the store base, resulting in around 422 stores by year-end [26] Management Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic challenges affecting consumer discretionary spending, with expectations for same-store sales to decline in the mid-single-digit range for Q3 2024 [14][29] - The decision to suspend the quarterly cash dividend was made to maintain financial flexibility during the challenging economic climate [17][28] Other Important Information - Capital expenditures for the first half of 2024 totaled $6.3 million, with full-year expectations in the range of $9 million to $14 million [25][26] - The company remains committed to maximizing shareholder value despite the current economic challenges [17] Q&A Session Summary Question: What are the expectations for same-store sales in the upcoming quarter? - Management expects same-store sales to decline in the mid-single-digit range due to ongoing macroeconomic headwinds [29] Question: How is the company managing its expenses in the current environment? - The company is optimizing store labor hours and managing expenses diligently to navigate cost inflation [20][21] Question: What is the rationale behind suspending the dividend? - The suspension of the dividend is aimed at providing added financial flexibility during the current challenging macroeconomic climate [17][28]

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 ...