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Big 5 Sporting Goods Sold to Worldwide Golf for $112 Million
PYMNTS.com· 2025-07-06 22:27
Company Overview - Big 5, a sporting goods retailer based in the western U.S., has been sold for $112 million [1] - The company sells athletic shoes, apparel, accessories, and outdoor and athletic equipment for various sports and recreational activities [4] Transaction Details - The buyers are a partnership consisting of Worldwide Golf, another retailer in the sporting goods space, and private investment firm Capital Hill Group [2] - The deal is expected to enhance Big 5's ability to serve customers while maximizing value for stockholders, according to Big 5's CEO Steven G. Miller [3] Strategic Implications - The transaction combines Capitol Hill's financial resources with Worldwide Golf's specialty retail expertise, providing Big 5 with the necessary resources to strengthen its market position [3]
Big 5 Sporting Goods Corporation Enters Into Definitive Agreement to Be Acquired by a Partnership Comprised of Worldwide Golf and Capitol Hill Group
Globenewswire· 2025-06-30 12:30
EL SEGUNDO, Calif. and BETHESDA, Md., June 30, 2025 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the “Company” or “Big 5”), a leading sporting goods retailer, today announced it has entered into a definitive merger agreement (the “Agreement”) to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately $112.7 million in enterprise value, including the assumption of approximately $71.4 million in credit line bor ...
Big 5 Sporting Goods Corporation Announces Fiscal 2025 First Quarter Results
GlobeNewswire News Room· 2025-04-29 20:01
EL SEGUNDO, Calif., April 29, 2025 (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 2025 first quarter ended March 30, 2025. Net sales were $175.6 million compared to net sales of $193.4 million for the first quarter of fiscal 2024. Same store sales decreased 7.8% for the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024. Gross profit for ...