Big 5 Sporting reports Q2 EPS (1c), consensus (3c)

Reports Q2 revenue $223.57M, consensus $227.89M. Reports Q2 SSS down 12%. Steven Miller, the company’s chairman, president and CEO, said, “We generated positive EBITDA and earnings results above the midpoint of our guidance range despite facing abnormally cool weather in our core geography and a difficult macroeconomic backdrop that continued to pressure consumer discretionary spending, both of which impacted our top-line performance. These results speak to our continued focus on diligently managing expenses in the face of persistent inflationary pressures, while also maintaining a healthy inventory position to support strong merchandise margin execution.”