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Big 5 Sporting Goods races higher after earnings impress

Aug. 03, 2016 10:15 AM ETBig 5 Sporting Goods Corporation (BGFV) StockBy: Clark Schultz, SA News Editor
  • Big 5 Sporting Goods (NASDAQ:BGFV +17.8%) pops after earnings top some beaten-down expectations.
  • The company navigated through a difficult quarter that included the Sports Authority and Sports Chalet liquidation sales, holding merchandise margins flat.
  • The retailer's same-store sales are up a high mid-single-digit range for the early part of FQ3.
  • A new $25M share repurchase program was approved by the board.
  • Shares of BGFV are over $12 for the first time since early May.

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