NASDAQ Top Gainer; Big 5 Sporting Goods Spikes on Third Quarter Results
New York, New York - November 2, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors, issues a trading alert for the top percentage gainer on the NASDAQ for Friday November 2 nd. Big 5 Sporting Goods Corp. (NASDAQ: BGFV) leads the top gainers, trading at $12.11, gaining $ 3.19 or 35.79% as of 2:09PM EDT on over 1.5 Million shares.
The Company reported fiscal 2012 third quarter results yesterday. Net sales increased to $251.8 million from net sales of $234.7 million for the third quarter of fiscal 2011. Same store sales increased 5.2% for the third quarter of 2012 versus the comparable period in the prior year. As anticipated, third quarter sales reflect a modest benefit over the prior year from the calendar shift of the Fourth of July holiday, which resulted in certain holiday-related sales moving from the second quarter to the third quarter for 2012.
Big 5 is a leading sporting goods retailer in the western United States, operating 409 stores in 12 states under the "Big 5 Sporting Goods" name. Big 5 provide a full-line product offering in a traditional sporting goods store format that averages 11,000 square feet. Big 5's product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding and roller sports.
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