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Big Five Q1 income slides 54%
El Segundo, Calif. -- Big 5 Sporting Goods Corp.’s first-quarter net income fell 54% and missed analysts' expectations because of increased expenses as customer traffic declined.
The company also gave a second-quarter earnings outlook much lower than Wall Street's view.
Big 5 reported late Tuesday that it earned $2.8 million for the period ended April 3, down from $5 million a year ago.