Big 5 Sporting reports Q3 EPS 8c, consensus 16c

Reports Q3 revenue $239.89M, consensus $243.16M. Same store sales decreased 8.2%. Steven Miller, the company’s chairman, president and CEO, said, “Our third quarter results came in slightly below our expectations, reflecting the increasing pressure over the course of the quarter on consumer discretionary spending resulting from a host of significant macroeconomic headwinds. In the face of the challenging sales environment, we have remained intently focused on optimizing merchandise margins, controlling expenses, and managing inventory, and we are pleased with our team’s execution in these areas.”