Earnings Call Summary | Big 5 Sporting Goods(BGFV.US) Q1 2024 Earnings Conference
Earnings Call Summary | Big 5 Sporting Goods(BGFV.US) Q1 2024 Earnings Conference
The following is a summary of the Big 5 Sporting Goods Corporation (BGFV) Q1 2024 Earnings Call Transcript:
以下是五大体育用品公司（BGFV）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Big 5 Sporting Goods reported Q1 2024 net sales of $193.4 million, a drop from $224.9 million the previous year, with a decrease of 13.5% in same-store sales.
The gross profit margin decreased to 31.2% from 33.4% in the same period the previous year with gross profit for Q1 2024 at $60.4 million, down from $75.1 million.
For the first quarter of 2024, the company reported a net loss of $8.3 million or $0.38 per share, in contrast to a net income of $0.2 million or $0.01 per share in Q1 of 2023.
五大体育用品公司报告称，2024年第一季度净销售额为1.934亿美元，低于去年的2.249亿美元，同店销售额下降了13.5％。
毛利率从去年同期的33.4％降至31.2％，2024年第一季度的毛利为6,040万美元，低于7,510万美元。
2024年第一季度，该公司报告的净亏损为830万美元，合每股亏损0.38美元，而2023年第一季度的净收益为20万美元，合每股亏损0.01美元。
Business Progress:
业务进展：
Merchandise margins improved by approximately 50 basis points compared to last year and inventory levels were reduced by 12.5% by end of Q1 2024.
There was a year-over-year reduction of $3.8 million in selling and administrative expenses, as expense management was prioritized due to inflationary pressures and the tough sales climate.
The company plans to optimize its store base by opening five new stores and closing four existing ones in 2024.
A dividend of $0.05 per share was announced for this quarter.
与去年相比，商品利润率提高了约50个基点，到2024年第一季度末，库存水平下降了12.5％。
由于通货膨胀压力和艰难的销售环境，费用管理被列为优先事项，销售和管理费用同比减少了380万美元。
该公司计划通过在2024年开设五家新门店并关闭四家现有门店来优化其门店基础。
宣布本季度股息为每股0.05美元。
More details: Big 5 Sporting Goods IR
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