For the twenty-six week period ended July 1, 2007, net sales increased $15.9 million, or 3.8%, to $434.9 million from net sales of $419.0 million in the same period last year. Same store sales increased 0.3% in the first 26 weeks of fiscal 2007 versus the same period last year. Net income was $13.5 million, or $0.59 per diluted share, for the first 26 weeks of fiscal 2007, compared to net income of $13.4 million, or $0.59 per diluted share, in the same period last year.
"As we previously announced, a general softness in the macro-economic environment impacted our sales throughout the second quarter," said Steven G. Miller, the Company's Chairman, President and Chief Executive Officer.
"While we increased our promotional activity slightly and generated positive same store sales in May and June, those increases were not enough to offset weakness earlier in the quarter. From a product standpoint, our hardgoods category comped slightly positive during the second quarter, our footwear category was slightly down and apparel was our softest category, comping down in the low single digits."
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Big 5 Sporting Goods Corporation
marketing@alchempro.com
