Home  »  Trendy Stocks   »  Why is Big 5 Sporting Goods Corporation (BGFV) sto...

Why is Big 5 Sporting Goods Corporation (BGFV) stock declining in the aftermarket?

Big 5 Sporting Goods Corporation (BGFV) experienced a decline of 3.5% in the aftermarket because the company announced Fiscal 2021 Third Quarter Results. However, the last trading session closed at $27.69 with an increase of 8.21%.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


Fiscal 2021 Third Quarter Results

BGFV announced Fiscal 2021 Third Quarter Results on 2nd November 2021. The third quarter of fiscal 2021 saw net sales of $289.6 million, down from $305.0 million in the third quarter of fiscal 2020. The negative impact of a calendar shift linked to the Company’s 53-week fiscal year in 2020. Moreover, sales fell 0.7 percent year over year in the third quarter of fiscal 2021 but rose 13.2 percent year over year. The company reported $108.0 million in gross profit, however, the gross profit margin increased significantly. The rise in gross profit margin is mostly due to a 152-basis-point improvement in merchandise margins, which is somewhat offset by increased store occupancy expenditure as a proportion of net sales compared to the previous year.

Furthermore, selling, and administrative expenditure was 25.9% of net sales, compared to 23.4 percent in the third quarter of fiscal 2020. Overall selling and administrative expense increased by $3.8 million years over year. This principally owed to higher store-related costs, such as labor, benefits, and facility costs, compared to the prior-year period. Last but not least, advertising costs grew in the third quarter of 2021 compared to the same period the previous year, although they remained far lower than pre-pandemic levels.

New Appointment to Board of Directors

BGFV reported on 8th October 2021 that Lily W. Chang is the new addition to the Board of Directors. Ms. Chang joined Leonard Green & Partners in 2004 and is presently the Chief Portfolio Services Officer. She works with portfolio firms across a wide range of industries, notably retail and wholesale services, to promote outcomes and creativity.

Moreover, she has also been on the Board of Directors of JOANN Stores, a publicly-traded fabric, and craft retail shop, since 2018. Ms. Chang formerly worked for Nissan North America and Nissan Motor Acceptance Corporation in strategic planning responsibilities, as well as eCompanies Venture Group as a partner, and The Walt Disney Company and Procter & Gamble in financial management. Last but not least, Ms. Chang holds a Bachelor of Arts in Quantitative Economics from Stanford University as well as a Harvard Business School MBA with honors.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam