Big 5 Sporting Goods ( NASDAQ: BGFV ) -7.7% aftermarket on Tuesday said it expects fourth quarter revenue to be $238.3 million, which is at or near the low end of its previous guidance.
Q4 EPS is now expected to be $0.07 to $0.08, compared to its previous guidance of $0.08 to $0.20, the company said.
The Seeking Alpha consensus for Q4 EPS is $0.13 and revenue is $244.7M.
Same store sales were down 13.2% for Q4, with merchandise margins decreasing by 129 basis points during the quarter.
For 2022, net sales were $995.5 million compared to $1.16 billion a year ago, and the company expects full-year EPS between $1.17 to $1.18 range. The consensus estimate is $1 billion for revenue, and $1.23 for EPS.
Total merchandise inventories rose by 9.6% by year end, but are down 5.1% compared to fiscal 2019. Same store sales fell 14.5% during the year.
The company said it ended the year with no borrowings under its credit facility and with cash and cash equivalents of $25.6 million.
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Big 5 Sporting Goods stock slumps nearly 8% after giving guidance below estimates