Big 5 Sporting Goods Sees Q4 EPS $(0.20)-$(0.35) Vs $0.07 Est; Company Expects Same Store Sales To Decrease In The High Single-Digit To Low Double-Digit Range Compared To The Fiscal 2022 Q4
Portfolio Pulse from Benzinga Newsdesk
Big 5 Sporting Goods expects Q4 EPS to be between $(0.20)-$(0.35), compared to $0.07 estimate. The company also anticipates same store sales to decrease in the high single-digit to low double-digit range compared to the fiscal 2022 Q4. This is due to expected macroeconomic headwinds impacting discretionary consumer spending. The company's cash balance at the end of the fiscal 2023 Q4 is expected to be largely consistent with its cash balance at the end of the fiscal 2023 Q3.
October 31, 2023 | 8:04 pm
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Big 5 Sporting Goods expects a decrease in Q4 EPS and same store sales due to macroeconomic headwinds. However, the company's cash balance is expected to remain consistent.
The company's lower than expected EPS and same store sales forecast due to macroeconomic headwinds could negatively impact the stock price in the short term. However, the expected consistency in the company's cash balance could provide some stability.
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