Flat sales at Big 5 Sporting Goods
Big 5 Sporting Goods Corporation has reported relatively flat financial results for its third quarter ended October 3.
Net sales for the quarter totalled $231.8 million compared with $231.6 million during the prior-year period, while same store sales increased by 2%.
Gross profit was $77.4 million compared with $78.5 million during the third quarter of 2009, while gross profit margin was 33.4% compared with 33.9%. Net income for the third quarter was $6.8 million, down from $8 million.
Steven Miller, the company's chairman, president and chief executive officer, said: "We are pleased with the consistency of our business as sales have continued to trend positively into the fourth quarter.
“While the important holiday selling season lies ahead and the economy and consumer spending habits remain unpredictable, we believe that our ability to provide exceptional value on quality merchandise will position us well as we conclude the year."
