Big 5 Sporting Goods Corporation Reports Sales Results for the Fourth Quarter and Full Year Ended January 1, 2017; Revised Earnings Guidance for the Fourth Quarter of Fiscal 2016; Provides Earnings Guidance for the Full Year of Fiscal 2016
For the 52-week fiscal 2016 full year, net sales were $1.02 billion, compared to net sales of $1.03 billion for the 53-week fiscal 2015 full year. Same store sales increased 1.7% for the fiscal 2016 full year.
For the fiscal 2016 fourth quarter, the company now expects to realize earnings per diluted share in the range of $0.34 to $0.35, including approximately $0.01 per diluted share for an anticipated tax benefit related to share-based compensation. The company's previous guidance for the fourth quarter of fiscal 2016 was for earnings per diluted share to be in the range of $0.25 to $0.35.
For the fiscal 2016 full year, the company now expects to realize earnings per diluted share in the range of
$0.76 to $0.77, including approximately $0.06 per diluted share of charges for store closing costs and the net
write-off of deferred tax assets related to share-based compensation.