Higher-than-expected sales at Big 5
US sporting goods retailer Big 5 Sporting Goods Corporation has posted a 3.6% sales increase for its third quarter ended September 30. Sales rose $8 million to $231.3 million from $223.3 million for the third quarter of 2006. Net income also showed increase, rising to $8.4 million from $7.8 million.
"Our third quarter performance exceeded the upper end of our earnings guidance,” said chairman, president and chief executive officer Steven Miller, who remains wary of the challenging consumer environment.
For the thirty-nine week period ended September 30, net sales increased $23.9 million, or 3.7%, to $666.2 million from $642.3 million for the same period last year. Net income was $21.9 million, up marginally from $21.2 million last year.
The company sells athletic shoes, apparel and accessories, as well as outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding and in-line skating.
