Why Are Big 5 Sporting Goods Shares Tumbling Today?
Portfolio Pulse from Lekha Gupta
Big 5 Sporting Goods Corp (NASDAQ:BGFV) shares fell over 15% after reporting weak Q3 FY23 results. Net sales and same-store sales declined, and the company's results were impacted by macroeconomic headwinds. Gross profit and adjusted EBITDA also fell. The company declared a reduced quarterly cash dividend per share of $0.125. For Q4, BGFV expects EPS to decrease and same-store sales to decrease in the high single-digit to low double-digit range Y/Y.
November 01, 2023 | 10:18 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Big 5 Sporting Goods Corp reported weak Q3 FY23 results, leading to a drop in its share price. The company also expects a decrease in EPS and same-store sales for Q4.
The company reported weak Q3 FY23 results, with declines in net sales and same-store sales. This has led to a drop in the company's share price. The company also expects a decrease in EPS and same-store sales for Q4, which could further impact the share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100