Big 5 Sporting Goods(BGFV)2025-02-26 00:04Financial Data and Key Metrics Changes - Net sales for Q4 2024 were 196.3 million in the prior year, with same-store sales decreasing by 6.1% [6][18] - Gross profit for Q4 2024 was 59.2 million in Q4 2023, resulting in a gross profit margin of 28.2%, down from 30.2% [15][17] - The net loss for Q4 2024 was 0.95 per basic share, compared to a net loss of 0.41 per basic share in Q4 2023 [17][19] - Adjusted EBITDA was negative 8.7 million in the same quarter last year [18] Business Line Data and Key Metrics Changes - On a same-store basis, apparel sales declined by 1.3%, footwear by 5.4%, and hard goods by 8.7% [8] - Average sale decreased by 2.3%, while transactions were down by 3.8% [8] Market Data and Key Metrics Changes - The company faced macroeconomic headwinds affecting consumer discretionary spending, with winter-related product sales being particularly soft due to unfavorable weather conditions [7][12] - Southern markets experienced below-normal snowfall, impacting winter product sales [13] Company Strategy and Development Direction - The company plans to close 15 stores in fiscal 2025, having already closed eight locations in the first quarter, to focus resources on more productive stores [11] - Capital expenditures for fiscal 2024 were 4 million to 150 million credit agreement with Bank of America, providing financial flexibility [22] 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 to high single-digit range due to ongoing macroeconomic headwinds [23] Question: How is the company managing its inventory levels? - The company has successfully reduced inventory by 5.6% year-over-year to better align with sales [20] Question: What is the outlook for the winter business? - The winter business remains soft, particularly in southern markets, but spring-related activities are anticipated to drive business as the season transitions [12][13]