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Big 5 Sporting Goods reports strong Q1

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El Segundo, Calif. Big 5 Sporting Goods Corp. reported a 82% jump in first-quarter profit that beat Wall Street expectations.

The discount retailer posted net income for the three months ended April 1 of $5 million, compared with $2.8 million in the year-ago quarter.

Revenue rose 4% to $218.5 million, from $210.3 million last year. Same-store sales rose 2.4% for the period.

President and CEO Steven G. Miller said the positive results were driven by growth in the number of customers shopping in the chain's stores, and higher average sales, especially of winter gear. He said he expects same-store sales to rise again in the current quarter.

© 2014