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 ...

- 5 - BIG 5 SPORTING GOODS CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) See accompanying notes to unaudited condensed consolidated financial statements. | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------|-------|-----------------|----------------|----------------| | Cash flows from operating activities: | | March 31, 2024 | 13 Weeks Ended | April 2, 2023 | | Net (loss) income | $ | (8,286 | ) $ | 193 | | Adjustm ...