Big 5 Sporting Goods Q4 Profit Tops Estimate; Sees Q1 EPS Well Below Consensus

(RTTNews) - Big 5 Sporting Goods Corp. (BGFV) reported net income for the fourth quarter of $5.2 million or $0.23 per share, compared to $4.0 million or $0.19 per share for the year-ago quarter.

The latest quarter results include expenses associated with the development of the company's new e-commerce platform of $0.01 per share.

As previously reported, net sales for the fourth quarter increased to $248.0 million from $243.6 million for the fourth quarter of fiscal 2012. Same store sales for the quarter decreased 0.5%.

Analysts polled by Thomson Reuters expected the company to earn $0.22 per share on revenue of $252.00 million for the fourth quarter.

Looking forward to the first quarter, the company expects same store sales in the negative high single-digit range and earnings per share in the range of $0.05 to $0.11. Analysts currently expect the company to earn $0.30 per share for the first quarter.