=Big 5 Sporting Goods (BGFV) reported earnings on Tue 29 Oct 2019 (a/h)

Big Five Sporting Goods Corp. BGFV, +54.88%, a retail chain that has seen its market value decimated in recent years, surged more than 25% in late trading Tuesday after quarterly earnings doubled from the year before. Big Five reported third-quarter earnings of $6.4 million, or 30 cents a share, up from 15 cents a share a year ago, even though sales stayed almost the same: net revenue was $266.2 million, down slightly from $266.4 million a year ago. Chief Executive Steven Miller noted that it was the healthiest third-quarter gross margins since the company went public in 2002. "The increase reflects a shift in sales mix toward higher-margin products along with the successful impact of our efforts to optimize pricing and promotions," he said in a statement. Big Five shares fell 7.3% to $2.41 a share in the regular session, then jumped to more than $3 a share in after-hours trading after the results were released.