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Big 5 profit surges in Q2


El Segundo, Calif. Big 5 Sporting Goods Corp. said Tuesday second-quarter earnings more than doubled as the retailer boosted sales and trimmed expenses.

Profit for the quarter ended June 28 rose to $4.7 million, compared with $1.7 million.

Sales increased 3% to $216 million, from $209 million. Same-store sales were up 0.3%. Selling and administrative expenses declined to $63 million, from $64.4 million.

"We continue to maintain tight control of our expenses and conservatively manage our inventory and balance sheet," said chief executive Steven G. Miller.

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