Core Viewpoint - Big 5 Sporting Goods Corporation reported a significant decline in net sales and increased net losses for both the fourth quarter and full year of fiscal 2024, reflecting ongoing challenges in the retail environment and macroeconomic pressures on discretionary spending [1][6]. Financial Performance - For the fourth quarter of fiscal 2024, net sales were 181.6million,downfrom196.3 million in the same quarter of fiscal 2023, representing a decrease of 6.1% in same store sales [2][6]. - Gross profit for the fourth quarter was 51.2million,comparedto59.2 million in the prior year, with a gross profit margin of 28.2%, down from 30.2% year-over-year [3]. - The overall selling and administrative expense decreased by 1.0million,butasapercentageofnetsales,itincreasedto39.320.9 million, or 0.95perbasicshare,comparedtoanetlossof8.9 million, or 0.41perbasicshareinthefourthquarteroffiscal2023[5].−Forthefullyearoffiscal2024,netsalestotaled795.5 million, down from 884.7millioninfiscal2023,withafull−yearnetlossof69.1 million, or 3.15perbasicshare[6].AdjustedEBITDA−AdjustedEBITDAforthefourthquarterwasanegative16.4 million, compared to a negative 8.7millionintheprioryear,whileforthefullyear,itwasanegative36.7 million, down from a positive 7.3millioninfiscal2023[7].OperationalInsights−Thecompanyexperiencedchallengingsalestrendsinthefirstquarteroffiscal2025,attributedtomacroeconomicheadwindsandunfavorableweatherpatterns[8].−AsofDecember2024,thecompanyhad13.8 million in borrowings under its credit facility and a cash balance of 5.4million,withmerchandiseinventoriesdecreasingby5.60.75 to $0.85 [10][11]. - The company plans to close approximately seven additional stores during fiscal 2025, following eight closures in the first quarter [12].