Big 5 Sporting Goods Corporation of Segundo, CA eported declining demand for guns and ammo draggedomp store sales down 4.9 percent in the fiscal second quarter ended June 29.
ADVERTISEMENT "Our second quarter results reflect significantly reduced demand for firearms and ammunition products, as well as the general softness in consumer spending that many other retailers have described recently," said Steven G. Miller, the company's Chairman, President and Chief Executive Officer. "While disappointed with the results, we are encouraged that year-over-year sales comparisons trended more favorably over the last several weeks of the second quarter and into the third quarter to date."
Net sales reached $231.2 million in the quarter, compared to net sales of $239.9 million for the second quarter of fiscal 2013.
