Shoe Sales Boost Big 5 Revenue, Earnings
Big 5 Sporting Goods Corp. said first-quarter profit rose 9% as shoe sales helped boost revenue.
The El Segundo-based retailer reported net income of $7.2 million, or 32 cents a share, up from a restated $6.6 million, or 29 cents, a year earlier. That’s a penny less than analysts were expecting. Sales in the quarter ended April 3 increased 4.5% to $189.9 million.
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