Slight Q2 increase for Big 5 Sporting Goods

09/08/2010

Big 5 Sporting Goods Corporation has reported a slight improvement in its financial results for the second quarter ended July 4.
Net sales increased to $219.8 million compared with $216 million during the second quarter of 2009. Gross profit was $73 million, up from $71.3 million, while net income was $4.8 million compared with $4.7 million.

For the six months ended July 4, 2010, net sales rose $12 million, or 2.8%, to $438.3 million. Net income was $9.8 million compared with $7.4 million in the prior-year period.

Steven Miller, the company's chairman, president and chief executive officer, said: “We are encouraged by the positive sales trends that we experienced during June and into the third quarter to date. While the economic environment in our markets remains challenging, we are pleased with our solid execution and believe that our focus on providing customers with compelling values on an exciting product assortment will continue to serve our business well."