Big 5’s earnings increase 28%
From the Associated Press
El Segundo-based Big 5 Sporting Goods Corp. said its first-quarter profit rose 28%, thanks mostly to higher margins on its winter apparel.
The company said earnings increased to $7.6 million, or 33 cents a share, from $5.9 million, or 26 cents, a year earlier. Revenue grew 5% to $217 million.
Big 5’s results were released after the market closed; the stock was down more than 4% in after-hours trading. Big 5 sank 42 cents to $26.17 during regular trading.
