Big 5 Sporting Goods Q2 GAAP EPS $(0.46) Beats $(0.48) Estimate, Sales $199.82M Down From $223.57M YoY
Portfolio Pulse from Benzinga Newsdesk
Big 5 Sporting Goods (NASDAQ: BGFV) reported Q2 GAAP EPS of $(0.46), beating the $(0.48) estimate. Sales were $199.82M, down from $223.57M YoY.
July 30, 2024 | 8:29 pm
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Big 5 Sporting Goods reported a Q2 GAAP EPS of $(0.46), which beat the analyst estimate of $(0.48). However, sales decreased by 10.62% YoY to $199.82M.
While Big 5 Sporting Goods beat the EPS estimate, the significant YoY decrease in sales and the large increase in losses compared to the same period last year may neutralize the positive impact of beating the EPS estimate. This mixed result is likely to keep the stock price relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100