Big 5 Sporting Goods Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2009. For the fiscal 2009 third quarter, net sales increased to $231.6 million from net sales of $223.2 million for the third quarter of fiscal 2008. Net income for the third quarter of fiscal 2009 improved to $8.0 million, or $0.37 per basic and diluted share, from net income of $4.5 million, or $0.21 per basic and diluted share, for the third quarter of fiscal 2008. The company reported income before income tax of $12.620 million and income from operations of $13.182 million compared to income before income tax of $7.127 million and income from operations of $8.293 million for the same period of last year. For the 39-week period ended September 27, 2009, net sales increased to $657.9 million from net sales of $645.0 million for the same period last year. Same store sales decreased 0.8% in the first 39 weeks of fiscal 2009 versus the same period last year. Net income improved by 49.7% to $15.4 million, or $0.72 per basic and diluted share, for the first 39 weeks of fiscal 2009, from net income of $10.3 million, or $0.48 per basic and diluted share, for the same period last year. Results for the first 39 weeks of fiscal 2008 included a nonrecurring charge of $0.04 per diluted share recorded in the second quarter of fiscal 2008. The company reported income before income tax of $24.834 million and income from operations of $26.717 million compared to income before income tax of $16.717 million and income from operations of $20.628 million for the same period of last year. The Company's Board of Directors has declared a quarterly cash dividend of $0.05 per share of outstanding common stock, which will be paid on December 15, 2009 to stockholders of record as of December 1, 2009. For the fiscal 2009 fourth quarter, the company expects same store sales in the positive low to low-mid single-digit range and earnings per diluted share in the range of $0.28 to $0.38. During the third quarter of fiscal 2009, the company did not open any new stores or close any stores and continued to operate 382 stores. The company anticipates opening two new stores during the fiscal 2009 fourth quarter. The company expects the number of new store openings in fiscal 2010 to be substantially higher than fiscal 2009.

Big 5 Sporting Goods Corp. reported cash flow results for the first nine months of 2009. For the nine months, the company performance enabled it to generate over $47 million in operating cash flow, a 61% increase when compared to the $29.4 million reported for the comparable period last year. Capital expenditure excluding non-cash acquisitions totaled $3.2 million, primarily reflecting expenditures for one new store, store remodeling, and IT systems. The company provided capital expenditure outllook for the full year of 2009. For the period, the company now expects total capital expenditures excluding non-cash acquisitions of approximately $7 million. The company expects earnings per diluted share in the range of $1 to $1.10. For comparative purposes, earnings per diluted share for the full year fiscal 2008 were $0.64, including a $0.04 one-time charge.

Big 5 Sporting Goods Corp. expected to Report Fiscal Year 2009 Results on February 24, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).