Retail has been a terrible space to be invested in during the fourth quarter. We have seen several retailers across different goods either pre-announce poor results or update guidance to the lower-end of previous ranges. Sporting goods retailer Big 5 (NASDAQ:BGFV) did just that, releasing updated guidance to reflect a challenging fourth quarter. Net sales increased only 1.8% to $248 million on comp sales decline of 0.5%. Earnings per share will be $0.21-$0.23, at the low end of the firm's initial guidance range. Management previously expected positive comps to drive earnings per share of $0.20-$0.28.
Nevertheless, one quarter usually does not matter in the grand scheme of investing. I am far more interested in investigating the current...
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