Big 5 Sporting Goods Expects Q1 Same Store Sales To Decrease In The Low Double-Digit Range, Net Loss Per Basic Share Of $(0.30)-$(0.40) (Est $(0.15))
Portfolio Pulse from Benzinga Newsdesk
Big 5 Sporting Goods (BGFV) anticipates a decrease in Q1 same-store sales in the low double-digit range and a net loss per basic share of $(0.30)-$(0.40), which is below the estimated $(0.15). The company attributes these trends to macroeconomic uncertainty and extreme weather affecting their sales.
February 27, 2024 | 10:56 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Big 5 Sporting Goods expects a significant decrease in Q1 same-store sales and a larger net loss per share than previously estimated.
The anticipated decrease in same-store sales and a larger than expected net loss per share directly impact BGFV's financial health and investor sentiment. Given the company's own forecast, it's likely that investors will react negatively in the short term, leading to a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100