(Source: Datamonitor)

US-based retailer Big 5 Sporting Goods has reported a net income of $8 million, or $0.37 per diluted share, for the third quarter ended September 27, 2009, compared to $4.5 million, or $0.21 per diluted share, for the third quarter of fiscal 2008.
For the fiscal 2009 third quarter, net sales increased to $231.6 million from $223.2 million for the third quarter of fiscal 2008.
For the 39-week period ended September 27, 2009, net sales increased to $657.9 million from $645 million for the same period last year. Net income increased by 49.7% to $15.4 million, or $0.72 per diluted share, for the first 39 weeks of fiscal 2009, from $10.3 million, or $0.48 per diluted share, for the same period last year.
Steven Miller, chairman, president and CEO of Big 5 Sporting Goods, said: "We are pleased to deliver a solid third quarter top and bottom line performance, as our customer value proposition and proven business model continue to produce positive results. The commitment and hard work of our dedicated associates have enabled us to successfully weather the difficult economic environment and improve many of our key financial metrics. We increased same store sales for the second consecutive quarter and grew net income by 80%."
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