Big 5, Citing Weather, Lowers Profit Forecast
Big 5 Sporting Goods Corp. reduced its fourth-quarter profit forecast, citing unfavorable winter weather in California.
The forecast was lowered to a range of 32 cents to 35 cents a share from as much as 44 cents, said the El Segundo-based company, the nation’s third-largest retailer of sporting goods.
Sales were little changed at $217.1 million, compared with $217.6 million a year earlier.
The quarter was a week longer than the 13-week period a year ago.
Sales of non-winter-related products were in line with expectations, Big 5 said.
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