Big 5 sees profit decline 20%

Retailer Big 5 Sporting Goods Corp. said fiscal second-quarter earnings fell 20% as sales at established stores fell slightly for the first time in more than 11 years.

Quarterly net income fell to $5.9 million, or 26 cents a share, from $7.4 million, or 33 cents, a year earlier. Revenue rose 3% to $217.8 million.

Shares of El Segundo-based Big 5 fell 3 cents to $21.34.