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Tuesday, July 28, 2020

=Big 5 Sporting Goods (BGFV) reported earnings on Tue 28 July 20 (a/h)

Shares of Big 5 Sporting Goods Corp. (BGFV) soared more than 50% in the extended session Tuesday after the retailer swung to a profit in the second quarter and said that a "strong momentum" in sales continues through the current quarter. Big 5 said it earned $11.1 million, or 52 cents a share, in the quarter, compared with a break-even income for the second quarter of fiscal 2019. Sales fell to $228 million from $241 million a year ago. Same-store sales rose 31.9% for its fiscal July, with sales strong in a "broad array of categories and throughout our geographic markets." That combined with cost-cutting measures put in place in response to the pandemic, Big 5 said. There were no consensus expectations available for Big 5 on FactSet.

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