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Big 5, Citing Weather, Lowers Profit Forecast

January 10, 2006|From Bloomberg News

Big 5 Sporting Goods Corp. reduced its fourth-quarter profit forecast, citing unfavorable winter weather in California.

The forecast was lowered to a range of 32 cents to 35 cents a share from as much as 44 cents, said the El Segundo-based company, the nation's third-largest retailer of sporting goods.

Sales were little changed at $217.1 million, compared with $217.6 million a year earlier.

The quarter was a week longer than the 13-week period a year ago.

Sales of non-winter-related products were in line with expectations, Big 5 said.

For The Record
Los Angeles Times Wednesday January 11, 2006 Home Edition Main News Part A Page 2 National Desk 1 inches; 68 words Type of Material: Correction
Big 5 earnings forecast -- A news brief in Tuesday's Business section about Big 5 Sporting Goods Corp.'s estimate of fiscal fourth-quarter earnings said the period was a week longer than the same quarter a year earlier, implying that sales on a per-week basis had declined. In fact, the latest quarter was a week shorter, and on a comparable 13-week basis, Big 5 said, its sales increased 5.1%.

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