Big 5 Sporting Goods Q4 Top-Line Beats Consensus - Big 5 Sporting Goods (NASDAQ:BGFV)

Big 5 Sporting Goods Corp BGFV reported fourth-quarter FY21 net sales of $273.4 million, a 5.9% decline Y/Y, beating the consensus of $269.49 million.
Same-store sales increased 0.2% for Q4 versus last year (prior view negative low-single digits - positive low-single digits) and increased 10.6% versus Q4 of FY19.
The company expects Q4 EPS of $0.84 - $0.86 (prior view $0.55 - $0.70), above the consensus of $0.61.
As a result of the company's fiscal calendar, 4Q21 included 13 weeks, 4Q20 included 14 weeks, and FY21 included 52 weeks, while FY20 had 53 weeks.
Big 5 Sporting Goods reported FY21 net sales of $1.16 billion versus $1.04 billion last year. Same-store sales increased 13.9%.
The company expects FY21 EPS of $4.50 - $4.52 against the consensus of $4.28.
The company ended FY21 with cash and cash equivalents of about $97.4 million. Total merchandise inventories increased by approximately 7.1% as of year-end.
"While issues surrounding the pandemic are ongoing, we believe the business is in a great position heading into 2022 and are confident that our merchandise offering and convenient store experience will continue to resonate with our customers," said Steven Miller, Chairman, President, and CEO.
Price Action: BGFV shares are trading lower by 1.84% at $19.29 on the last check Thursday.