Big 5 Sporting Goods Corporation Announces Fiscal 2012 Fourth Quarter and Full Year Sales Results and Updates Earnings Guidance

Big 5 Sporting Goods Corporation Announces Fiscal 2012 Fourth Quarter and Full
Year Sales Results and Updates Earnings Guidance

  oReports Fourth Quarter Same Store Sales Increase of 6.5%
  oReports Fiscal 2012 Same Store Sales Increase of 2.5%
  oNarrows Fourth Quarter Earnings Guidance to a Range of $0.17 - $0.19 per
    Diluted Share Compared to Prior Year Earnings per Diluted Share of $0.00
    (Including a $0.05 Impairment Charge)

EL SEGUNDO, Calif., Jan. 14, 2013 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods
Corporation (Nasdaq:BGFV), a leading sporting goods retailer, today reported
sales results for the fiscal 2012 fourth quarter and full year ended December
30, 2012.

For the fiscal 2012 fourth quarter, net sales were $243.6 million, compared to
net sales of $226.7 million for the fourth quarter of fiscal 2011. Same store
sales increased 6.5% for the fourth quarter of fiscal 2012. The Company's
merchandise margins increased approximately 20 basis points from the fourth
quarter of fiscal 2011.

For the fiscal 2012 full year, net sales increased to $940.5 million from
$902.1 million for the fiscal 2011 full year. Same store sales increased 2.5%
for the fiscal 2012 full year.

For the fiscal 2012 fourth quarter, the Company now expects to realize
earnings per diluted share in the range of $0.17 to $0.19. During the fiscal
2011 fourth quarter, the Company's earnings per diluted share were $0.00,
including a non-cash impairment charge of $0.05 per diluted share. For the
fiscal 2012 full year, the Company now expects to realize earnings per diluted
share in the range of $0.67 to $0.69, including store closing and non-cash
impairment charges of $0.04 per diluted share, compared to earnings per
diluted share for fiscal 2011 of $0.53, including non-cash impairment charges
of $0.07 per diluted share.

"We are pleased to report strong sales results for our 2012 fourth quarter,"
said Steven G. Miller, the Company's Chairman, President and Chief Executive
Officer. "The same store sales increase of 6.5% represented our largest
quarterly same store sales increase in over ten years. Our sales comped
positively in the mid-single-digit range for our October and November periods
and comped positively in the high single-digit range for our December period.
All three of our major merchandise categories comped positively for the
quarter, with hardgoods being our strongest category followed by apparel and
footwear. Our balance sheet was further strengthened during the quarter, as
our positive cash flow allowed us to reduce borrowings under our revolving
credit facility to $47.5 million at year-end from $63.5 million at the end of
last year."

The Company expects to issue earnings results for the fiscal 2012 fourth
quarter and full year by the end of February.

ICR XChange Investor Conference

As previously announced, the Company will be presenting at the 15th Annual ICR
XChange Conference, held at The Fontainebleau Miami Beach Hotel in Miami,
Florida, on Wednesday, January 16, 2013, at 10:40 a.m. EST. During the
presentation, the Company will discuss sales results for the fourth quarter
and full year of fiscal 2012. The audio portion of the presentation will be
webcast live at www.big5sportinggoods.com and archived for 30 days. Visitors
to the website should select the "Investor Relations" link to access the
webcast.

About Big 5 Sporting Goods Corporation

Big 5 is a leading sporting goods retailer in the western United States,
operating 414 stores in 12 states under the "Big 5 Sporting Goods" name as of
the end of the fiscal year ended December 30, 2012. Big 5 provides a full-line
product offering in a traditional sporting goods store format that averages
11,000 square feet. Big 5's product mix includes athletic shoes, apparel and
accessories, as well as a broad selection of outdoor and athletic equipment
for team sports, fitness, camping, hunting, fishing, tennis, golf,
snowboarding and roller sports.

Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties and other factors
that may cause Big 5's actual results in current or future periods to differ
materially from forecasted results. Those risks and uncertainties include,
among other things, continued or worsening weakness in the consumer spending
environment and the U.S. financial and credit markets, fluctuations in
consumer holiday spending patterns, the competitive environment in the
sporting goods industry in general and in Big 5's specific market areas,
inflation, product availability and growth opportunities, seasonal
fluctuations, weather conditions, changes in cost of goods, operating expense
fluctuations, litigation risks, disruption in product flow, changes in
interest rates, credit availability, higher costs associated with sources of
credit resulting from uncertainty in financial markets and economic conditions
in general. Those and other risks and uncertainties are more fully described
in Big 5's filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for fiscal 2011 and Quarterly Report on Form 10-Q
for the third quarter of fiscal 2012. Big 5 conducts its business in a highly
competitive and rapidly changing environment. Accordingly, new risk factors
may arise. It is not possible for management to predict all such risk factors,
nor to assess the impact of all such risk factors on Big 5's business or the
extent to which any individual risk factor, or combination of factors, may
cause results to differ materially from those contained in any forward-looking
statement. Big 5 undertakes no obligation to revise or update any
forward-looking statement that may be made from time to time by it or on its
behalf.

CONTACT: Big 5 Sporting Goods Corporation
         Barry Emerson
         Sr. Vice President and Chief Financial Officer
         (310) 536-0611
        
         ICR, Inc.
         John Mills
         Senior Managing Director
         (310) 954-1105
 
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