RTTNews | Jan 13, 2021 08:37AM EST

08:37 Wednesday, January 13, 2021 (RTTNews.com) - Big 5 Sporting Goods Corporation (BGFV) reported that, for the 14-week fourth quarter, net sales were $290.5 million compared to $244.1 million for the 13-week fourth quarter of prior year. Same store sales increased 10.5% for the fourth quarter.

For the fourth quarter, the company now expects earnings per share in the range of $0.90 to $0.93, including a benefit of $0.10 per share related to a favorable insurance settlement and a benefit of $0.02 per share related to a reduction in deferred tax asset valuation allowance, which compares to the company's previous guidance for earnings per share in the range of $0.35 to $0.60.

For the 53-week fiscal 2020, net sales increased to $1.04 billion compared to net sales of $996.5 million for the 52-week fiscal 2019. Same store sales rose 3.0%.

For fiscal 2020, the company now expects earnings per share in the range of $2.53 to $2.56, including a benefit of $0.25 per share, reflecting the $0.12 per share benefit and a $0.13 per share net benefit in the second quarter of fiscal 2020.

Read the original article on RTTNews ( https://www.rttnews.com/3160215/big-5-sporting-goods-q4-same-store-sales-up-10-5-eps-to-exceed-high-end-of-prior-guidance.aspx)

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