I don’t cover Big 5 every quarter. However, their 10K for the year ended December 30, 2018 requires some discussion. They seem to be flailing in the emerging retail environment and seem reluctant to respond to all the changes. They are betting that their old strategy will continue to work.
It appears I’m not the only one who thinks that’s not the right approach. Go take a look at a chart of their stock (symbol BGFV) since the start of 2017. Let’s take a look at the numbers before discussing the strategy.