Big 5 Sporting Goods Cuts Q4 EPS Outlook - Quick Facts

(RTTNews) - Big 5 Sporting Goods Corporation (BGFV) said it now expects fiscal 2013 fourth quarter earnings per share in the range of $0.21 to $0.23. Analysts now expect earnings of $0.25 per share.

Earlier, the company expected fourth quarter earnings per share in the range of $0.20 to $0.28.

For the fiscal 2013 full year, the company now expects to realize earnings per share in the range of $1.24 to $1.26, including legal settlement charges of $0.04 per diluted share and e-commerce development expenses of approximately $0.02 per diluted share. Analysts currently expect full year earnings of $1.32 per share.

Net sales for the fourth quarter increased 1.8% to $248.0 million from net sales of $243.6 million for the fourth quarter of fiscal 2012. Same store sales decreased 0.5% for the fourth quarter of fiscal 2013 versus the prior year period. Analysts expected revenues of $253.26 million for the fourth quarter.

For the fiscal 2013 full year, net sales increased 5.6% to $993.3 million from $940.5 million for fiscal 2012. Same store sales increased 3.9% for the fiscal 2013 full year. Analysts had expected revenues of $998.73 million for fiscal 2013.