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Big 5 Sporting Goods had its best quarter ever with a 14.8% same store sales increase. The retailer reported $28.4 million in income, up from $6.4 million year-over-year.
Consumers looking for ways to stay active drove the growth according to CEO and President Steven Miller, who said there was “extraordinary demand” for products related to home fitness and outdoor recreation. Big 5 shares are up more than 148% on the year.
The push for at-home workout equipment has had a wide impact across fitness-related industries, ranging from Dick’s Sporting Goods — which saw sales rise 20% year-over-year in its second quarter — to Peloton, which announced its first quarterly profit last month.
Fitness Headlines
- JPMorgan Chase added up to $120 in Peloton credits to its Chase Sapphire credit cards.
- Whoop closed on a $100 million Series E funding round, valuing the company at $1.2 billion.
- Garmin released a fitness smartwatch aimed at esports streamers.
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