Big 5 Sporting Goods(BGFV)

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Big 5 Sporting Goods(BGFV) - 2019 Q4 - Earnings Call Transcript
2020-02-25 23:16
Financial Data and Key Metrics Changes - For Q4 2019, net sales were $244.1 million, a decrease from $247.1 million in Q4 2018, with same-store sales down 0.6% [6][22] - Gross profit margin improved over 300 basis points to 31.6% of sales compared to 28.5% in Q4 2018, driven by a 239 basis point increase in merchandise margin [19][22] - Net income for Q4 was $0.4 million or $0.02 per diluted share, impacted by a $0.02 per share asset impairment charge [21] Business Line Data and Key Metrics Changes - Apparel sales increased in the mid-single digit range, footwear was up in the low single digit range, while the harvest category saw a mid-single digit decline due to regulatory changes affecting ammunition sales in California [9][10] - Customer transactions decreased slightly, offset by a low single-digit increase in average sale [8] Market Data and Key Metrics Changes - The company faced challenging comparisons in Q1 2020 against extraordinary sales of winter-related products from the previous year, with current sales of winter-related products down over 50% in February [11][13] - Same-store sales for Q1 2020 are down approximately 10% compared to a 10% increase in the same period last year [14] Company Strategy and Development Direction - The company plans to open approximately five stores and close about five stores in the full year, with a focus on managing inventory levels and mitigating potential tariff-related price increases [10][23] - Capital expenditures for fiscal 2020 are expected to be between $11 million to $15 million, reflecting continued investment in store remodeling and IT systems [26] Management Comments on Operating Environment and Future Outlook - Management expressed disappointment with the start of 2020 due to adverse weather conditions impacting sales, but remains optimistic about easing comparisons and improving sales trends as spring approaches [31] - The company is monitoring potential supply chain disruptions due to the Coronavirus but has not yet identified a material impact on sales [17] Other Important Information - The company reported a cash flow from operations of $14.3 million for fiscal 2019, down from $24.5 million in the prior year, primarily due to increased funding for merchandise inventory [27] - A quarterly cash dividend of $0.05 per share was declared for Q1 2020 [28] Q&A Session Summary - No specific questions or answers were recorded in the provided content, indicating the end of the Q&A session without further inquiries [32]
Big 5 Sporting Goods(BGFV) - 2020 Q3 - Quarterly Report
2019-10-30 16:15
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 September 29, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________ ...
Big 5 Sporting Goods(BGFV) - 2019 Q3 - Earnings Call Transcript
2019-10-30 02:30
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q3 2019 Earnings Conference Call October 29, 2019 5:00 PM ET Company Participants Steve Miller - President & CEO Barry Emerson - CFO Conference Call Participants Operator Greetings and welcome to the Big 5 Sporting Goods Third Quarter 2019 Earnings Results Conference Call. With us today are Mr. Steve Miller, President and Chief Executive Officer; and Mr. Barry Emerson, Chief Financial Officer of Big 5 Sporting Goods. At this time, for opening remarks and introd ...
Big 5 Sporting Goods(BGFV) - 2020 Q2 - Quarterly Report
2019-07-31 17:44
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, 2019 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(BGFV) - 2019 Q2 - Earnings Call Transcript
2019-07-30 23:00
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q2 2019 Earnings Conference Call July 30, 2019 5:00 PM ET Company Participants Steve Miller - President and Chief Executive Officer Barry Emerson - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. Welcome to the Big 5 Sporting Goods Second Quarter 2019 Earnings Results Conference Call. TodayÂ's call is being recorded. With us today are Mr. Steve Miller, President and Chief Executive Officer; and Mr. Barry Emerson, Ch ...
Big 5 Sporting Goods(BGFV) - 2020 Q1 - Quarterly Report
2019-05-01 18:21
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 31, 2019 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) - 2019 Q1 - Earnings Call Transcript
2019-04-30 23:06
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2019 Earnings Conference Call April 30, 2019 5:00 PM ET Â Company Participants Steven Miller - Chairman, President and Chief Executive Officer Barry Emerson - Senior Vice President and Chief Financial Officer Operator Good day, ladies and gentlemen, thank you for standing by. Welcome to the Big 5 Sporting Goods First Quarter 2019 Earnings Results Conference Call. TodayÂ's call is being recorded. With us today are Mr. Steve Miller, President and Chief Executi ...
Big 5 Sporting Goods(BGFV) - 2018 Q4 - Annual Report
2019-02-27 19:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2018 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 char ...
Big 5 Sporting Goods(BGFV) - 2018 Q4 - Earnings Call Transcript
2019-02-26 23:16
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q4 2018 Earnings Conference Call February 26, 2019 5:00 PM ET Company Participants Steven Miller - Chairman, President & CEO Barry Emerson - SVP, CFO & Treasurer Conference Call Participants David Schick - Consumer Edge Research Operator Good day, ladies and gentlemen, thank you for standing by. Welcome to the Big 5 Sporting Goods Fourth Quarter 2018 Earnings Results Conference Call. Today's call is being recorded. With us today are Mr. Steve Miller, President ...