Big 5 Sporting Goods Corp. (BGFV: Quote) said it now expects earnings per share for the fourth-quarter to be in the range of $0.17 to $0.19. Previously, the Company expected earnings per share in the range of $0.13 to $0.21 for the fiscal 2012 fourth quarter. Analysts polled by Thomson Reuters expect the company to report earnings of $0.19 per share for the fourth-quarter. Analysts’ estimates typically exclude special items.
For the fiscal 2012 fourth quarter, net sales were $243.6 million, compared to net sales of $226.7 million for the fourth quarter of fiscal 2011. Same store sales increased 6.5% for the fourth quarter of fiscal 2012. Seven analysts had consensus revenue estimate of $241.08 million for the fourth-quarter.For the fiscal 2012 full year, the Company now expects to realize earnings per share in the range of $0.67 to $0.69, including store closing and non-cash impairment charges of $0.04 per share, compared to earnings per share for fiscal 2011 of $0.53, including non-cash impairment charges of $0.07 per share. Analysts expect the company to report earnings of $0.70 per share for fiscal 2012.For the fiscal 2012 full year, net sales increased to $940.5 million from $902.1 million for the fiscal 2011 full year. Same store sales increased 2.5% for the fiscal 2012 full year. Seven analysts had consensus revenue estimate of $937.99 million for fiscal 2012.
The company expects to issue earnings results for the fiscal 2012 fourth quarter and full year by the end of February.
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by RTT Staff Writer
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