Big 5 Sporting sees Q4 EPS (40c)-(38c) vs prior view (35c) -(20c)

One estimate (28c), Reports Q4 revenue $196.3M vs. $238.3M last year. “Our fourth quarter results were challenged by extraordinarily unfavorable winter weather conditions across our western footprint,” said Steven G. Miller, the Company’s Chairman, President and Chief Executive Officer. “Winter-related products are typically an important seasonal driver of our fourth quarter business, but this year’s warm weather and lack of snow weighed heavily on the category’s performance, which was down nearly 40% versus the prior year. Sales of non-winter products were down approximately 10%, consistent with the guidance that we provided at the beginning of the quarter. In the challenged sales environment, we remained focused on maintaining strong merchandise margins and controlling the elements of the business that we can, including managing inventory and expenses. As we begin 2024, we are in a solid financial position with no debt and the flexibility to capitalize on opportunities in this dynamic environment.”