Key Developments For Big 5 Sporting Goods Corporation
Big 5 Sporting Goods Corporation (BGFV.O) (Nasdaq)
Big 5 Sporting Goods Corporation Issues Q4 2009 EPS Guidance Above Analysts' Estimates; Comments On Q4 2009 Same Store Sales Guidance; Declares Quarterly Cash Dividend
Big 5 Sporting Goods Corporation announced that for fourth quarter 2009 it expects same store sales in the positive low to low-mid single-digit range and earnings per diluted share in the range of $0.28 to $0.38. For comparative purposes, the Company's earnings per diluted share for the fourth quarter of fiscal 2008 were $0.17. As a result of the fiscal calendar, the fourth quarter of fiscal 2009 will include 14 weeks and the fourth quarter last year included 13 weeks. The Company's same store sales guidance above reflects comparable 14-week periods. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.26 for fourth quarter 2009. The Company also announced that it has the Company's Board of Directors has declared a quarterly cash dividend of $0.05 per share of outstanding common stock, which will be paid on December 15, 2009 to stockholders of record as of December 1, 2009.
Big 5 Sporting Goods Corporation Sees Q3 2009 EPS At Or Near High End Of Prior Guidance
Big 5 Sporting Goods Corporation announced that for the third quarter of 2009, it expects earnings per diluted share (EPS) to be at or near the upper end of its previously issued guidance range of $0.27-$0.34. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.31 for the same period.
Big 5 Sporting Goods Corporation Issues Q3 2009 EPS Outlook Above Analysts' Estimates; Comments on Q3 2009 Same Store Sales Outlook; Declares Quarterly Cash Dividend
Big 5 Sporting Goods Corporation announced that for the third quarter of 2009, it expects earnings per diluted share (EPS) in the range of $0.27 to $0.34. The Company expects same store sales in the flat to positive low-single digit range. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.23 for the third quarter of 2009. The Company also announced that it has declared a quarterly cash dividend of $0.05 per share of outstanding common stock, which will be paid on September 15, 2009 to stockholders of record as of September 1, 2009.
Big 5 Sporting Goods Corporation Comments On Q2 Same Store Sales; Issues Q2 2009 EPS Guidance Above Analysts' Estimates; Declares Quarterly Cash Dividend of $0.05 Per Share
Big 5 Sporting Goods Corporation announced that for second quarter of 2009, it expects same store sales in the flat to positive low-single digit range and earnings per diluted share (EPS) in the range of $0.10-$0.18. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.01 for the same period. The Company also announced that it has declared a quarterly cash dividend of $0.05 per share of outstanding common stock, which will be paid on June 15, 2009 to stockholders of record as of June 1, 2009.
Big 5 Sporting Goods Corporation Comments on Q1 2009 Same Store Sales; Declares Quarterly Cash Dividend
Big 5 Sporting Goods Corporation announced that for first quarter 2009, it expects a decline in same store sales in the high-single digit range and earnings per diluted share in the range of $0.01 to $0.07. The Company also announced that its Board of Directors has determined to reduce the Company's quarterly cash dividend to $0.05 per share of outstanding common stock, for an annual rate of $0.20 per share. This decision is consistent with the Company's objective to utilize its capital to maintain a healthy financial condition during these challenging economic times. The quarterly cash dividend of $0.05 per share of outstanding common stock will be paid on March 20, 2009 to stockholders of record as of March 6, 2009.
