Big 5 Sporting Goods | 10-Q: FY2025 Q2 Revenue: USD 184.89 M

Revenue: As of FY2025 Q2, the actual value is USD 184.89 M.

EPS: As of FY2025 Q2, the actual value is USD -1.11.

EBIT: As of FY2025 Q2, the actual value is USD -24.53 M.

Segment Revenue

• Net Sales: For the second quarter of fiscal 2025, net sales were $184.9 million, a decrease of 7.5% from $199.8 million in the second quarter of fiscal 2024. For the first half of fiscal 2025, net sales were $360.5 million, down 8.3% from $393.3 million in the same period last year.

Operational Metrics

• Gross Profit: Gross profit for the second quarter of fiscal 2025 was $52.2 million, or 28.2% of net sales, compared to $58.7 million, or 29.4% of net sales, in the second quarter of fiscal 2024. For the first half of fiscal 2025, gross profit was $106.5 million, or 29.5% of net sales, compared to $119.1 million, or 30.3% of net sales, in the first half of fiscal 2024.
• Net Loss: The net loss for the second quarter of fiscal 2025 was $24.5 million, or $1.11 per basic share, compared to a net loss of $10.0 million, or $0.46 per basic share, for the second quarter of fiscal 2024. For the first half of fiscal 2025, the net loss was $41.8 million, compared to $18.3 million in the same period last year.

Cash Flow

• Operating Cash Flow: Operating cash flow for the first half of fiscal 2025 was - $50.1 million, compared to - $2.9 million in the first half of fiscal 2024.
• Capital Expenditures: Capital expenditures for the first half of fiscal 2025 were $3.2 million, compared to $6.3 million in the first half of fiscal 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to close approximately 15 stores in fiscal 2025, including eight stores already closed in the first two months of the fiscal year. No new store openings are anticipated for fiscal 2025.
• Proposed Merger: The company has entered into a merger agreement with Worldwide Sports Group Holdings LLC, expected to close in the second half of 2025, subject to customary closing conditions and stockholder approval.