NASDAQ:BGFV Big 5 Sporting Goods Q4 2024 Earnings Report $0.93 -0.02 (-2.07%) Closing price 04:00 PM EasternExtended Trading$0.94 +0.02 (+2.00%) As of 07:48 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Earnings History Big 5 Sporting Goods EPS ResultsActual EPS-$0.95Consensus EPS -$0.96Beat/MissBeat by +$0.01One Year Ago EPSN/ABig 5 Sporting Goods Revenue ResultsActual Revenue$181.62 millionExpected RevenueN/ABeat/MissN/AYoY Revenue GrowthN/ABig 5 Sporting Goods Announcement DetailsQuarterQ4 2024Date2/25/2025TimeAfter Market ClosesConference Call DateTuesday, February 25, 2025Conference Call Time5:00PM ETConference Call ResourcesConference Call AudioConference Call TranscriptPress Release (8-K)Annual Report (10-K)Earnings HistoryCompany ProfilePowered by Big 5 Sporting Goods Q4 2024 Earnings Call TranscriptProvided by QuartrFebruary 25, 2025 ShareLink copied to clipboard.PresentationSkip to Participants Operator00:00:00Good day, ladies and gentlemen. Welcome to the Big five Sporting Goods Fourth Quarter twenty twenty four Earnings Results Conference Call. Today's call is being recorded. With us today are Mr. Operator00:00:13Steve Miller, President and Chief Executive Officer and Mr. Barry Emerson, Chief Financial Officer of Big Five Sporting Goods. At this time, for opening remarks and introductions, I'd like to turn the conference over to Mr. Miller. Please go ahead, sir. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:00:31Thank you, operator. Good afternoon, everyone. Welcome to our twenty twenty four fourth quarter conference call. Today, we will review our financial results for the fourth quarter of fiscal twenty twenty four as well as provide an outlook for the first quarter of fiscal twenty twenty five. I will now turn the call over to Barry to read our Safe Harbor statement. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:00:52Thanks, Steve. Except for statements of historical fact, any remarks that we may make about our future expectations, plans and prospects constitute forward looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements involve known and unknown risks and uncertainties that may cause our actual results in current and future periods to differ materially from forecasted results. These risks and uncertainties include those more fully described in our annual reports on Form 10 K, our quarterly reports on Form 10 Q and our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward looking statements that may be made from time to time by us or on our behalf. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:01:42Please refer to our press release to find a reconciliation of certain non GAAP financial measures referenced in today's call. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:01:51Thank you, Barry. Our fourth quarter results were consistent with our previously announced expectations, delivering earnings in the middle of our guidance range despite ongoing challenges to our top line performance. Net sales for the fourth quarter were $181,600,000 compared to $196,300,000 in the prior year with same store sales down 6.1%. These sales reflect a continuation of the persistent macroeconomic headwinds which have been impacting consumer discretionary spending. Additionally, our winter related product sales over the fourth quarter were soft relative to expectations as winter weather conditions were unfavorable, particularly across our southern tier of stores where we experienced drought like conditions. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:02:45The dry conditions were a huge factor in contributing to the environment that led to the tragic wildfires that devastated the Greater Los Angeles area last month. Looking at our major merchandise categories on a same store basis, apparel declined 1.3%, footwear was down 5.4% and hard goods decreased 8.7%. Our average sale was down 2.3% with transactions down 3.8%. Our merchandise margins in the fourth quarter decreased 23 basis points compared to the prior year. In the face of ongoing sales challenges, we remain focused on how best to optimize gross profit dollars. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:03:32We ended the quarter with inventory down 5.6% year over year, reflecting our efforts to align inventory levels with sales. This positioning enables us to deploy inventory more productively across our network, while maintaining flexibility to capitalize on opportunistic buying opportunities that align with our customers' value orientation. As part of our broader strategic initiatives, we continue to optimize our store portfolio to focus our resources on our most productive stores. We anticipate closing 15 stores in fiscal twenty twenty five, including eight locations that we have already closed in the first quarter. This strategic footprint rationalization enables us to reallocate capital and inventory to our best performing locations while driving meaningful cost efficiencies across our network. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:04:33Turning to the beginning of our fiscal twenty twenty five, sales trends remain challenged as we have yet to see improvement in the macroeconomic conditions that are affecting consumer discretionary spending. Additionally, our winter business, which is highly significant to our first quarter performance, has continued to be very soft relative to last year. Consumer spending in this category is especially discretionary and of course responsive to weather conditions. We have experienced a distinct geographic bifurcation in our winter product sales due to weather variances with our Southern markets continuing to experience well below normal snowfall. Over the balance of the quarter, although our winter business is still potentially meaningful as we transition seasons, spring related activities including the ramp up of baseball become the key drivers to our business. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:05:33We believe our inventories are well positioned for this transition with positive enhancements to our product assortments. In closing, as we continue to navigate the current dynamic environment, we remain very focused on the elements of our business most within our control, including working to closely manage merchandise margins, expenses and inventory levels. We believe this focused approach strengthens our ability to drive growth as business conditions improve. With that, I'll now turn it over to Barry to provide additional details regarding our fourth quarter performance and first quarter outlook. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:06:12Thanks, Steve. Gross profit for the fiscal twenty twenty four fourth quarter was $51,200,000 compared to gross profit of $59,200,000 in the fourth quarter of the prior year. Our gross profit margin of 28.2% in the twenty twenty four fourth quarter compared to 30.2% in the fourth quarter last year. The decrease in gross profit margin versus the prior year primarily reflected higher store occupancy and distribution expense, including costs capitalized in inventory as a percentage of net sales and lower merchandise margins of 23 basis points. Overall selling and administrative expense for the fiscal twenty twenty four fourth quarter decreased $1,000,000 compared to the prior year. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:07:01The year over year reduction primarily reflected lower labor costs and a gain of $900,000 related to an insurance settlement. As a percent of net sales, selling and administrative expense was 39.3% in the twenty twenty four fourth quarter versus 36.9% in the twenty twenty three fourth quarter, reflecting the lower sales base. We continue to focus on managing the expenses within our control considering the ongoing economic challenges. Now looking at our bottom line, net loss for the fourth quarter of fiscal twenty twenty four was $20,900,000 or $0.95 per basic share, which included a $0.04 per basic share gain related to an insurance settlement. This compares to a net loss of $8,900,000 or $0.41 per basic share in the fourth quarter last year. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:07:59Because of the valuation allowance related to the deferred tax assets established in the third quarter of fiscal twenty twenty four, net loss for the fourth quarter of fiscal twenty twenty four does not reflect an income tax benefit. Net loss for the fourth quarter of fiscal twenty twenty three reflects an income tax benefit of $4,500,000 Adjusted EBITDA was negative $16,400,000 in the fourth quarter of fiscal twenty twenty four compared to negative adjusted EBITDA of $8,700,000 in the fourth quarter last year. Briefly reviewing our full year results for fiscal twenty twenty four, net sales were $795,500,000 compared to net sales of $884,700,000 in the prior year. Same store sales decreased 9.4% for fiscal twenty twenty four versus the comparable prior year period. Net loss for fiscal twenty twenty four was $69,100,000 or $3.15 per basic share and included a non cash charge for the establishment of a valuation allowance related to deferred tax assets of $21,800,000 or $0.99 per basic share recorded in the third quarter, along with the aforementioned gain related to an insurance settlement. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:09:27This compares to a net loss for fiscal twenty twenty three of $7,100,000 or $0.33 per basic share. Adjusted EBITDA was negative $36,700,000 for the 2024 full year compared to positive $7,300,000 in the prior year. Turning to the balance sheet, our merchandise inventory at the end of the fourth quarter of fiscal twenty twenty four decreased 5.6% year over year. This reduction reflects our efforts to manage inventory levels lower in response to the soft sales environment. Reviewing our capital spending, our CapEx excluding non cash acquisitions totaled $10,900,000 for fiscal twenty twenty four, primarily representing investments in store related remodeling, new stores, distribution center equipment and computer hardware and software purchases. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:10:25For the 2025 full year, we expect CapEx in the range of $4,000,000 to $8,000,000 representing investments in store related remodeling primarily. Now looking at our cash flow, net cash used in operating activities was $11,400,000 in fiscal twenty twenty four. This compares to net cash provided by operating activities of $18,500,000 last year. The decrease was primarily attributed to a larger net loss in the current period. In December 2024, we amended and extended our $150,000,000 credit agreement with Bank of America, which matures in December of twenty twenty nine. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:11:12As of our December year end, we had $13,800,000 of borrowings under this credit facility and a cash balance of $5,400,000 This credit agreement provides us financial flexibility as we navigate this dynamic market environment and execute our strategy. Now I'll spend a moment on guidance. For the fiscal twenty twenty five first quarter, we expect same store sales to decline in the mid to high single digit range compared to the twenty twenty four first quarter. Our same store sales guidance reflects an expectation that macroeconomic headwinds will continue through the first quarter. On that basis, we expect fiscal twenty twenty five first quarter net loss per basic share in the range of $0.75 to $0.85 which reflects no tax benefit for the period compared to fiscal twenty twenty four first quarter net loss per basic share of $0.38 That concludes our prepared remarks. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:12:16I'll now turn the call back to Steve for closing comments. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:12:20Thank you, Barry. Thank you all for joining us in today's call. We appreciate your interest in Big Five Sporting Goods and look forward to speaking with you again after the conclusion of our first quarter. Operator00:12:33Thank you. Ladies and gentlemen, this does conclude today's teleconference. Thank you for your participation. You may now disconnect your lines.Read moreParticipantsAnalystsSteven MillerChairman, President & CEO at Big 5 Sporting GoodsBarry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting GoodsPowered by Conference Call Audio Live Call not available Earnings Conference CallBig 5 Sporting Goods Q4 202400:00 / 00:00Speed:1x1.25x1.5x2xTranscript SectionsPresentationParticipants Earnings DocumentsPress Release(8-K)Annual report(10-K) Big 5 Sporting Goods Earnings HeadlinesBig 5 Sporting Goods First Quarter 2025 Earnings: US$0.78 loss per share (vs US$0.38 loss in 1Q 2024)May 1, 2025 | finance.yahoo.comBig 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2025 Earnings Call TranscriptMay 1, 2025 | insidermonkey.comURGENT: Someone's Moving Gold Out of London...People who don’t understand the gold market are about to lose a lot of money. Unfortunately, most so-called “gold analysts” have it all wrong… They tell you to invest in gold ETFs - because the popular mining ETFs will someday catch fire and close the price gap with spot gold. May 5, 2025 | Golden Portfolio (Ad)Big 5 Sporting Goods Corp (BGFV) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...April 30, 2025 | finance.yahoo.comBig 5 sporting goods targets low single-digit sales decline for Q2 2025 amid macro headwindsApril 30, 2025 | msn.comBig 5 Sporting Goods Corporation (BGFV) Q1 2025 Earnings Call TranscriptApril 29, 2025 | seekingalpha.comSee More Big 5 Sporting Goods Headlines Get Earnings Announcements in your inboxWant to stay updated on the latest earnings announcements and upcoming reports for companies like Big 5 Sporting Goods? Sign up for Earnings360's daily newsletter to receive timely earnings updates on Big 5 Sporting Goods and other key companies, straight to your email. Email Address About Big 5 Sporting GoodsBig 5 Sporting Goods (NASDAQ:BGFV) operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation. It also provides private label items, such as shoes, apparel, camping equipment, fishing supplies, and snow sport equipment. The company sells private label merchandise under its trademarks comprising Golden Bear, Harsh, Pacifica, and Rugged Exposure. It also operates an e-commerce platform under the Big 5 Sporting Goods name. Big 5 Sporting Goods Corporation was founded in 1955 and is headquartered in El Segundo, California.View Big 5 Sporting Goods ProfileRead more More Earnings Resources from MarketBeat Earnings Tools Today's Earnings Tomorrow's Earnings Next Week's Earnings Upcoming Earnings Calls Earnings Newsletter Earnings Call Transcripts Earnings Beats & Misses Corporate Guidance Earnings Screener Earnings By Country U.S. Earnings Reports Canadian Earnings Reports U.K. Earnings Reports Latest Articles Is Reddit Stock a Buy, Sell, or Hold After Earnings Release?Warning or Opportunity After Super Micro Computer's EarningsAmazon Earnings: 2 Reasons to Love It, 1 Reason to Be CautiousRocket Lab Braces for Q1 Earnings Amid Soaring ExpectationsMeta Takes A Bow With Q1 Earnings - Watch For Tariff Impact in Q2Palantir Earnings: 1 Bullish Signal and 1 Area of ConcernVisa Q2 Earnings Top Forecasts, Adds $30B Buyback Plan Upcoming Earnings American Electric Power (5/6/2025)Advanced Micro Devices (5/6/2025)Marriott International (5/6/2025)Constellation Energy (5/6/2025)Arista Networks (5/6/2025)Brookfield Asset Management (5/6/2025)Duke Energy (5/6/2025)Energy Transfer (5/6/2025)Mplx (5/6/2025)Ferrari (5/6/2025) Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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PresentationSkip to Participants Operator00:00:00Good day, ladies and gentlemen. Welcome to the Big five Sporting Goods Fourth Quarter twenty twenty four Earnings Results Conference Call. Today's call is being recorded. With us today are Mr. Operator00:00:13Steve Miller, President and Chief Executive Officer and Mr. Barry Emerson, Chief Financial Officer of Big Five Sporting Goods. At this time, for opening remarks and introductions, I'd like to turn the conference over to Mr. Miller. Please go ahead, sir. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:00:31Thank you, operator. Good afternoon, everyone. Welcome to our twenty twenty four fourth quarter conference call. Today, we will review our financial results for the fourth quarter of fiscal twenty twenty four as well as provide an outlook for the first quarter of fiscal twenty twenty five. I will now turn the call over to Barry to read our Safe Harbor statement. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:00:52Thanks, Steve. Except for statements of historical fact, any remarks that we may make about our future expectations, plans and prospects constitute forward looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements involve known and unknown risks and uncertainties that may cause our actual results in current and future periods to differ materially from forecasted results. These risks and uncertainties include those more fully described in our annual reports on Form 10 K, our quarterly reports on Form 10 Q and our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward looking statements that may be made from time to time by us or on our behalf. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:01:42Please refer to our press release to find a reconciliation of certain non GAAP financial measures referenced in today's call. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:01:51Thank you, Barry. Our fourth quarter results were consistent with our previously announced expectations, delivering earnings in the middle of our guidance range despite ongoing challenges to our top line performance. Net sales for the fourth quarter were $181,600,000 compared to $196,300,000 in the prior year with same store sales down 6.1%. These sales reflect a continuation of the persistent macroeconomic headwinds which have been impacting consumer discretionary spending. Additionally, our winter related product sales over the fourth quarter were soft relative to expectations as winter weather conditions were unfavorable, particularly across our southern tier of stores where we experienced drought like conditions. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:02:45The dry conditions were a huge factor in contributing to the environment that led to the tragic wildfires that devastated the Greater Los Angeles area last month. Looking at our major merchandise categories on a same store basis, apparel declined 1.3%, footwear was down 5.4% and hard goods decreased 8.7%. Our average sale was down 2.3% with transactions down 3.8%. Our merchandise margins in the fourth quarter decreased 23 basis points compared to the prior year. In the face of ongoing sales challenges, we remain focused on how best to optimize gross profit dollars. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:03:32We ended the quarter with inventory down 5.6% year over year, reflecting our efforts to align inventory levels with sales. This positioning enables us to deploy inventory more productively across our network, while maintaining flexibility to capitalize on opportunistic buying opportunities that align with our customers' value orientation. As part of our broader strategic initiatives, we continue to optimize our store portfolio to focus our resources on our most productive stores. We anticipate closing 15 stores in fiscal twenty twenty five, including eight locations that we have already closed in the first quarter. This strategic footprint rationalization enables us to reallocate capital and inventory to our best performing locations while driving meaningful cost efficiencies across our network. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:04:33Turning to the beginning of our fiscal twenty twenty five, sales trends remain challenged as we have yet to see improvement in the macroeconomic conditions that are affecting consumer discretionary spending. Additionally, our winter business, which is highly significant to our first quarter performance, has continued to be very soft relative to last year. Consumer spending in this category is especially discretionary and of course responsive to weather conditions. We have experienced a distinct geographic bifurcation in our winter product sales due to weather variances with our Southern markets continuing to experience well below normal snowfall. Over the balance of the quarter, although our winter business is still potentially meaningful as we transition seasons, spring related activities including the ramp up of baseball become the key drivers to our business. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:05:33We believe our inventories are well positioned for this transition with positive enhancements to our product assortments. In closing, as we continue to navigate the current dynamic environment, we remain very focused on the elements of our business most within our control, including working to closely manage merchandise margins, expenses and inventory levels. We believe this focused approach strengthens our ability to drive growth as business conditions improve. With that, I'll now turn it over to Barry to provide additional details regarding our fourth quarter performance and first quarter outlook. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:06:12Thanks, Steve. Gross profit for the fiscal twenty twenty four fourth quarter was $51,200,000 compared to gross profit of $59,200,000 in the fourth quarter of the prior year. Our gross profit margin of 28.2% in the twenty twenty four fourth quarter compared to 30.2% in the fourth quarter last year. The decrease in gross profit margin versus the prior year primarily reflected higher store occupancy and distribution expense, including costs capitalized in inventory as a percentage of net sales and lower merchandise margins of 23 basis points. Overall selling and administrative expense for the fiscal twenty twenty four fourth quarter decreased $1,000,000 compared to the prior year. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:07:01The year over year reduction primarily reflected lower labor costs and a gain of $900,000 related to an insurance settlement. As a percent of net sales, selling and administrative expense was 39.3% in the twenty twenty four fourth quarter versus 36.9% in the twenty twenty three fourth quarter, reflecting the lower sales base. We continue to focus on managing the expenses within our control considering the ongoing economic challenges. Now looking at our bottom line, net loss for the fourth quarter of fiscal twenty twenty four was $20,900,000 or $0.95 per basic share, which included a $0.04 per basic share gain related to an insurance settlement. This compares to a net loss of $8,900,000 or $0.41 per basic share in the fourth quarter last year. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:07:59Because of the valuation allowance related to the deferred tax assets established in the third quarter of fiscal twenty twenty four, net loss for the fourth quarter of fiscal twenty twenty four does not reflect an income tax benefit. Net loss for the fourth quarter of fiscal twenty twenty three reflects an income tax benefit of $4,500,000 Adjusted EBITDA was negative $16,400,000 in the fourth quarter of fiscal twenty twenty four compared to negative adjusted EBITDA of $8,700,000 in the fourth quarter last year. Briefly reviewing our full year results for fiscal twenty twenty four, net sales were $795,500,000 compared to net sales of $884,700,000 in the prior year. Same store sales decreased 9.4% for fiscal twenty twenty four versus the comparable prior year period. Net loss for fiscal twenty twenty four was $69,100,000 or $3.15 per basic share and included a non cash charge for the establishment of a valuation allowance related to deferred tax assets of $21,800,000 or $0.99 per basic share recorded in the third quarter, along with the aforementioned gain related to an insurance settlement. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:09:27This compares to a net loss for fiscal twenty twenty three of $7,100,000 or $0.33 per basic share. Adjusted EBITDA was negative $36,700,000 for the 2024 full year compared to positive $7,300,000 in the prior year. Turning to the balance sheet, our merchandise inventory at the end of the fourth quarter of fiscal twenty twenty four decreased 5.6% year over year. This reduction reflects our efforts to manage inventory levels lower in response to the soft sales environment. Reviewing our capital spending, our CapEx excluding non cash acquisitions totaled $10,900,000 for fiscal twenty twenty four, primarily representing investments in store related remodeling, new stores, distribution center equipment and computer hardware and software purchases. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:10:25For the 2025 full year, we expect CapEx in the range of $4,000,000 to $8,000,000 representing investments in store related remodeling primarily. Now looking at our cash flow, net cash used in operating activities was $11,400,000 in fiscal twenty twenty four. This compares to net cash provided by operating activities of $18,500,000 last year. The decrease was primarily attributed to a larger net loss in the current period. In December 2024, we amended and extended our $150,000,000 credit agreement with Bank of America, which matures in December of twenty twenty nine. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:11:12As of our December year end, we had $13,800,000 of borrowings under this credit facility and a cash balance of $5,400,000 This credit agreement provides us financial flexibility as we navigate this dynamic market environment and execute our strategy. Now I'll spend a moment on guidance. For the fiscal twenty twenty five first quarter, we expect same store sales to decline in the mid to high single digit range compared to the twenty twenty four first quarter. Our same store sales guidance reflects an expectation that macroeconomic headwinds will continue through the first quarter. On that basis, we expect fiscal twenty twenty five first quarter net loss per basic share in the range of $0.75 to $0.85 which reflects no tax benefit for the period compared to fiscal twenty twenty four first quarter net loss per basic share of $0.38 That concludes our prepared remarks. Barry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting Goods00:12:16I'll now turn the call back to Steve for closing comments. Steven MillerChairman, President & CEO at Big 5 Sporting Goods00:12:20Thank you, Barry. Thank you all for joining us in today's call. We appreciate your interest in Big Five Sporting Goods and look forward to speaking with you again after the conclusion of our first quarter. Operator00:12:33Thank you. Ladies and gentlemen, this does conclude today's teleconference. Thank you for your participation. You may now disconnect your lines.Read moreParticipantsAnalystsSteven MillerChairman, President & CEO at Big 5 Sporting GoodsBarry EmersonExecutive VP, CFO, Treasurer & Assistant Secretary at Big 5 Sporting GoodsPowered by