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Big Five Q2 profit tops Street

El Segundo, Calif. -- Big 5 Sporting Goods Corp.'s quarterly profit beat Wall Street estimates, fueled by strong sales of apparel and footwear.

For the second quarter, ended July 1, the company posted net income of $2.6 million.

Sales rose 4% to $226.6 million, narrowly missing Wall Street estimates of $227.4 million, which the company attributed to July 4th-related sales shifting to the third quarter. Same-store sales increased 1.0%.

Big 5 ended the quarter with 407 stores in operation. It plans on opening three stores, one of which relates to a relocation, and closing two stores, one of which relates to a relocation, in the third quarter and opening nine stores in the fourth quarter.
 

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