Big 5 Sporting Goods stock slides after forecast for a Q4 loss, same-store sales decline

Shares of Big 5 Sporting Goods Corp.
BGFV,
-0.14%
slid 13% after hours on Tuesday after the sporting-goods retailer forecast a net loss and a drop in same-store sales for its fourth quarter, citing expectations that “macroeconomic headwinds will continue to impact discretionary consumer spending.” The company said it expected fourth-quarter same-store sales to fall “in the high single-digit to low double-digit range.” Big 5 said it expected to lose 20 cents to 35 cents a share during the period. The outlook follows weaker performances at other athletic-gear chains like Foot Locker Inc.
FL,
+2.14%
and Dick’s Sporting Goods Inc.
DKS,
+1.61%,
where rising prices for basics have cut into demand.