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Big 5 Sporting Goods Corp. Message Board

  • hen_apache hen_apache Apr 30, 2008 4:48 PM Flag

    Earnings

    At least we beat estimates by $.01, but a little low on revs. Does anyone have a clue where we go from here?

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    • By the way, the cc starts in about 5 mins. That will tell you exactly which way it's going to be headed.

      Also if the markets start to fall tomorrow based on the Fed, it could fall pretty hard.

      • 1 Reply to richdad18
      • one of the analysts asked if management was concerned at all about competitors, to which they replied "no"

        i dont buy this, DICKs aquisition of CHICKs is going to eat at BGFV. The only new product mentioned was the Under Armor cross trainer. Under Armor by the way is one of the biggest sellers at Dicks.

        Another question asked was something along the lines of "what changed from last quarter to this quarter to prompt another downgrade in earnings guidance"

        To which management did not give any clear answer. This does not assure me that BGFV wont once again cut guidance.

        Also, management is harping about inventories being lowered, but that did not translate to increased revenues. Only reason the inventories are being reduced is because they are making little to no money off of whatever theyre selling at fire sale prices.

        Frankly, i was very disappointed with the earnings and the CC

    • I have bet on it going south. Did you see next quarter cut from $0.15 to $0.06-$0.12 ?

      They have also lowered the entire year...again.

      I don't think it's worth investing any money going long. Also a buy out may not be in their cards. Most of their stores are pretty small, something DCK's or someone else may not be interested in.

      I was in Big Five yesterday, slow as dirt. Of course it was a Tuesday.

 
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