Zacks Initiates Coverage of Big 5 With Underperform Recommendation

Zacks Investment Research has recently initiated coverage of Big 5 Sporting Goods Corporation (BGFV) with an “Underperform” rating. The detailed report points to a range of financial and operational headwinds that may impact the company’s long-term prospects. Big 5’s sales have declined 10.8% over the first nine months of 2024, largely due to persistent inflation, which has weakened consumer spending on non-essential items like sporting goods. Same-store sales dropped 10.2%, and gross profit margins contrac ...