Overview

* Big 5 fiscal Q2 net sales fall 7.5% yr/yr, same store sales down 6.1%

* Co's gross profit margin declines due to lower merchandise margins, higher costs

* Net loss widens to $24.5 mln, impacted by merger expenses and impairments

Outlook

* Company expectsgo-private transaction with Worldwide Golf and Capitol Hill Group to close in second half of 2025

* Big 5 plans to close four stores in Q3 2025

Result Drivers

* MERCHANDISE MARGINS - Lower merchandise margins contributed to a decline in gross profit margin

* OCCUPANCY COSTS - Increased store occupancy and distribution expenses impacted gross profit margin

* MERGER EXPENSES - Selling and administrative expenses rose due to merger-related costs and asset impairments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $184.89

mln

Q2 Net -$24.54

Income mln

Q2 -$14.72

Adjusted mln

EBITDA

Q2 Gross $52.16

Profit mln

Q2 -$23.20

Operatin mln

g income

Q2 -$24.53

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)