Slight rise in sales at Big 5 Sporting Goods
Big 5 Sporting Goods Corporation has reported a slight rise
in sales during the second quarter and first six months ended July 1.
For the
second quarter, net sales increased to $226.6 million from $219.6 million
during the second quarter of 2011. Gross profit increased to $73.1 million from
$71.8 million.
Net
income for the second quarter was $2.6 million, down from $3.1 million during
the prior-year period.
For the
26-week period ended July 1, net sales increased to $445.1 million from $440.7
million in the 26 weeks ended July 3. Net income was $2.7 million compared with
$5.9 million during the prior-year period.
"We are pleased to report that, despite continuing to
operate in a challenging macroeconomic environment, our business generated
growth in same store sales and merchandise margins and achieved better than
expected earnings for the second quarter," said Steven Miller, the company's
chairman, president and chief executive officer.
"This
marked our first quarterly same store sales increase since the third quarter of
2010 and our first quarter of merchandise margin growth since the first quarter
of 2011.
"We
believe this positive trending reflects the growing impact of the merchandise
and marketing initiatives that we have been implementing over the last several
quarters.
"The
improved performance was particularly evident with our softgoods products, as
we experienced the strongest quarterly growth in both our apparel and footwear
categories since 2006."
