Big 5 Sporting Goods Q2 net sales down 7.8% YoY to $184.9mln.

• Big 5 Sporting Goods Q2 net sales: $184.9 million (-$15 million YoY) • Same store sales: down 6.1% • Gross profit: $52.2 million (-$6.5 million YoY) • Digital data: not specified in the article.

Big 5 Sporting Goods Corporation (BGFV) reported its fiscal 2025 second quarter results, showing significant financial deterioration compared to the same period last year. The company reported net sales of $184.9 million, a decline of $15 million year-over-year (YoY). Same-store sales decreased by 6.1%, and gross profit fell to $52.2 million, down by $6.5 million YoY [2].

The quarter's performance was marked by lower merchandise margins, increased selling and administrative expenses, and included $2.8 million in merger transaction-related expenses. Big 5 Sporting Goods' net loss more than doubled to $24.5 million (or $1.11 per share) compared to a $10.0 million loss (or $0.46 per share) in Q2 2024. This widening loss includes $2.8 million in merger-related expenses and $1.3 million for store impairment charges [2].

Unlike last year, the current quarter received no tax benefit due to a valuation allowance established in Q3 2024, further impacting bottom-line results. Selling and administrative expenses increased by $3.2 million and jumped to 40.8% of sales (versus 36.1% last year), reflecting merger-related costs, higher employee benefits, and store impairments. The negative Adjusted EBITDA of $14.7 million worsened from last year's $8.7 million negative figure [2].

The company's balance sheet shows $71.4 million in borrowings against their $150 million credit facility with just $4.9 million in cash. Big 5 plans to close approximately four stores in Q3 2025 without opening new locations, continuing the contraction of their current 414-store footprint [2].

Notably, Big 5 has entered a definitive merger agreement to be acquired by Worldwide Golf and Capitol Hill Group for $1.45 per share in cash, representing a 36% premium to the 60-day volume-weighted average price. This go-private transaction is expected to close in H2 2025, subject to stockholder approval [2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025-07-29:newsml_PLX50496B:0-brief-big-5-sporting-goods-q2-sales-usd-184-894-million/
[2] https://www.stocktitan.net/news/BGFV/big-5-sporting-goods-corporation-announces-fiscal-2025-second-h1uweu4uv0i5.html