Sales rise at Big 5 Sporting Goods
Big 5 Sporting Goods Corporation has reported improved financial results for the first quarter ended April 4.
Sales for the quarter increased to $218.5 million compared with $210.3 million during the first quarter of 2009. Same store sales rose 2.4%.
Gross profit for the quarter increased to $71.6 million from $67.1 million during the first quarter of the previous year. The company's gross profit margin improved to 32.7% compared with 31.9% year-on-year.
Net income rose to $5 million compared with $2.8 million compared with the prior-year period.
Steven Miller, chairman, president and chief executive officer, said: Our same store sales growth of 2.4% represented our strongest quarterly same store growth since the fourth quarter of 2006, as favourable winter weather conditions in many of our markets led to sales increases across our three major merchandise categories of apparel, footwear and hard goods."
He added: “While the economic environment in our markets remains challenging, we remain confident in our overall strategy and believe our focus on providing compelling values to our customers will continue to serve our business well."
