Big 5 Sporting Goods Corp. Reports Sales Results for the Fourth Quarter and Full Year Ended December 29, 2013; Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 29, 2013
For the fiscal 2013 full year, the company's net sales increased 5.6% to $993.3 million from $940.5 million for fiscal 2012. Same store sales increased 3.9% for the fiscal 2013 full year.
For the fiscal 2013 fourth quarter, the company now expects to realize earnings per diluted share in the range of $0.21 to $0.23. This guidance reflects anticipated expenses associated with the development of the company's new e-commerce platform of approximately $0.01 per diluted share. For comparison purposes, the company's earnings per diluted share for the fourth quarter of fiscal 2012 were $0.19.
For the fiscal 2013 full year, the company now expects to realize earnings per diluted share in the range of $1.24 to $1.26, including legal settlement charges of $0.04 per diluted share and e-commerce development expenses of approximately $0.02 per diluted share, compared to earnings per diluted share for fiscal 2012 of $0.69, including store closing and non-cash impairment charges of $0.04 per diluted share.