Big 5 Sporting Goods Corp. (BGFV 15.84, +0.52, +3.39%) announced that third-quarter comp sales climbed 1.6 percent compared to the same perio a year ago. The company also said it expects third quarter earnings to be at, or near, the upper end of its guidance of 27 to 34 cents a share. compared to the same point a year ago. The company said that it now expects third-quarter earnings per share at, or near, the upper end of its previously issued guidance range of 27 cents to 34 cents a share.
“We are pleased that our preliminary third quarter results reflect continued solid financial performance, as same store sales were consistently positive throughout the quarter,” according to Steven G. Miller, the company’s chairman, president and CEO. “Our positive sales, combined with continued tight expense management and merchandise margins that were slightly improved over the prior year, have positioned us well to significantly increase third quarter earnings per share compared to the same period last year.”
Big 5 says to esxpects to issue third quarter financial results and fourth-quarter guidance during the first week of November, 2009.