Big 5 Sporting Goods Corporation reported unaudited consolidated earnings results for the fiscal 2013 first quarter ended March 31, 2013. For the fiscal 2013 first quarter, net sales increased to $246.3 million from net sales of $218.5 million for the first quarter of fiscal 2012. Same store sales increased 10.5% for the first quarter of fiscal 2013. As anticipated, first quarter sales were negatively affected by the calendar shift of the Easter holiday, during which the company's stores are closed, out of the second quarter and into the first quarter this year. Net income for the first quarter of fiscal 2013 was $7.5 million or $0.34 per diluted share, compared to net income of $156,000 or $0.01 per diluted share, for the first quarter of fiscal 2012. Operating income was $12.5 million against $843,000 of prior year period. Income before income taxes was $12 million against $243,000 for the same period last year. CapEx, excluding noncash acquisitions, totaled $3.2 million for the first quarter of fiscal 2013, primarily reflecting an increased investment in store remodeling, expenditures for new stores, distribution center equipment and MIS systems. For the fiscal 2013 second quarter, the company expects same store sales in the positive mid-single-digit range and earnings per diluted share in the range of $0.20 to $0.26. This guidance reflects the benefit from the calendar shift of the Easter holiday, during which the company's stores are closed, out of the second quarter and into the first quarter of fiscal 2013, as well as increased expenses associated with the development of e-commerce platform. The company continues to expect total capital expenditures in fiscal 2013, excluding noncash acquisitions, of approximately $18 million to $22 million, primarily to fund the opening of approximately 15 to 20 new stores, increases in existing store maintenance and remodeling, distribution center equipment, computer hardware and software purchases and corporate leasehold improvements. The company generated healthy cash flow from operations of $23.8 million in the first quarter of 2013 compared to $11.4 million in the same period last year. The increase in cash flow from operations primarily reflects higher net income year-over-year. The board of directors of Big 5 Sporting Goods Corp. declared a quarterly cash dividend of $0.10 per diluted share, which will be paid on June 14, 2013 to stockholders of record as of May 31, 2013. During the fiscal 2013 second quarter, the company anticipates opening two new stores. For the fiscal 2013 full year, the company currently anticipates opening approximately 15 to 20 net new stores.

Big 5 Sporting Goods Corp., Q1 2013 Earnings Call, Apr 30, 2013

Big 5 Sporting Goods Corp. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013