=Big 5 Sports (BGFV) reported earnings on Tue 2 May 2017 (a/h)

Big 5 Sports beats by $0.09, beats on revs; guides Q2 EPS in-line :

• Reports Q1 (Mar) earnings of $0.24 per share, $0.09 better than the Capital IQ Consensus of $0.15; revenues rose 7.7% year/year to $252.6 mln vs the $245.01 mln Capital IQ Consensus.
  • Same store sales increased 7.9% for the first quarter of fiscal 2017, reflecting continued market share gains resulting from the closure of certain major competitors last year along with more favorable weather conditions than the prior year period. Sales comparisons also benefited from the calendar shift of the Easter holiday, during which the Company's stores are closed, from the first quarter in fiscal 2016 to the second quarter in fiscal 2017. 
• Co issues in-line guidance for Q2, sees EPS of $0.14-$0.20 vs. $0.18 Capital IQ Consensus Estimate.
  • For the fiscal 2017 second quarter, the Company expects same store sales to be in the positive mid-single-digit range compared to a same store sales decrease of 1.7% in the second quarter of fiscal 2016. Fiscal 2017 second quarter guidance reflects an anticipated small negative impact as a result of the calendar shifts of the Easter and Fourth of July holidays.