Big 5 Sporting Goods reports fiscal 2009 Q2 Results

EL SEGUNDO, Calif. Big 5 Sporting Goods reported financial results for the fiscal 2009 second quarter ended June 28, 2009.

For the fiscal 2009 second quarter, net sales were $216 million, compared to net sales of $209 million for second quarter fiscal 2008. Same-store sales increased 0.3% for the second quarter, reflecting a reversal of the trend of same-store sales declines for the past several quarters. As anticipated, second-quarter sales comparisons to the prior year were negatively affected by a shift in the timing of the Easter holiday, during which the company's stores are closed, out of the first quarter and into the second quarter in 2009.

Net income for second quarter fiscal 2009 was $4.7 million, or 22 cents per diluted share, compared to net income of $1.7 million, or 8 cents per diluted share, for second quarter fiscal 2008. Results for second quarter fiscal 2008 include the nonrecurring pre-tax charge of $1.5 million, or $0.04 per diluted share.