Big 5 Sporting Goods Q3 profit jumps 80%

El Segundo, Calif. Big 5 Sporting Goods Corp. said Tuesday its profit rose 80% in the third quarter as sales climbed and it better managed inventory.

The chain earned $8 million in the quarter that ended Sept. 27, up from $4.5 million a year earlier.

Revenue rose 4% to $231.6 million from $223.2 million, in line with analysts' average estimate.

Same-store sales increased 1.6% during the quarter. And CEO Steven G. Miller said sales trends have continued to improve so far in the fourth quarter.