Solid Q3 results at Big 5 Sporting Goods
Big 5 Sporting Goods Corporation posted higher sales for its third quarter ended September 27.
Third quarter sales increased to $231.6 million from $223.2 in the third quarter of 2008. Gross profit was $78.5 million compared with $74.3 million in the third quarter of the previous year with a 33.9% margin, up from 33.3%. Net income for the quarter rose to $8 million from $4.5 million in the prior-year period.
For the 39-week period ended September 27, net sales rose to $657.9 million from $645 million during the same period last year. Net income rose 49.7% to $15.4 million from $10.3 million.
Steven Miller, the company's chairman, president and chief executive officer, said: "We are encouraged that the positive sales trends we experienced during the third quarter have continued, and actually improved, thus far in the fourth quarter.”
