How does BGFV's full-year earnings trend compare to industry peers?

Big 5 Sporting Goods (BGFV) faces significant challenges, as evidenced by its full-year earnings trend and key financial metrics that underperform industry peers:

1. **Revenue Decline**: BGFV's full-year net sales for 2024 were $795.47 million, down from $884.75 million in 2023. This decline is in contrast to industry leaders like Home Depot (HD) and TJX (TJX), which have shown robust revenue growth. Home Depot's full-year revenue increased by 4.5% to $159.5 billion in 2025, while TJX's revenue grew by 4.0% to $56.4 billion in 2025.
2. **Net Loss**: BGFV's net loss for 2024 was $69.07 million, compared to a net loss of $7.08 million in 2023. This indicates a deteriorating financial situation. In comparison, Home Depot's net income increased to $14.98 billion in 2024, despite a slight decline from $14.99 billion in 2023. TJX's net income also improved significantly, rising to $4.86 billion in 2024 from $4.47 billion in 2023.
3. **Diluted EPS**: BGFV's diluted EPS for 2024 was -$3.15, which is more negative than the -$0.33 EPS in 2023. This suggests worsening profitability. In contrast, Home Depot's diluted EPS was $14.96 in 2024, representing a slight decrease from $15.16 in 2023. TJX's diluted EPS increased to $4.31 in 2024 from $3.90 in 2023.
4. **Gross Margin**: BGFV's gross profit margin decreased to 28.2% in 2024 from 30.2% in 2023. This decline indicates inefficiencies in cost management. Home Depot's gross margin remained stable at 9.3% in 2024, while TJX's gross margin improved to 8.6% in 2024 from 8.3% in 2023.

In summary, BGFV's full-year earnings trend reflects a company struggling with declining revenue and increasing net losses, which is not aligned with the positive trends observed in its industry peers. The challenges faced by BGFV are likely due to specific factors such as its smaller market capitalization, narrower geographic focus, and higher debt levels, as indicated by its financial statements and industry reports.