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BIG 5 G5 SPORTING GOODS Contact : Big 5 Sporting Goods Corporation Barry Emerson Executive Vice President and Chief Financial Officer ( 310 ) 536-0611 ICR , Inc. John Mills Managing Partner ( 646 ) 277-1254 • BIG 5 SPORTING GOODS CORPORATION ANNOUNCES FISCAL 2021 FIRST QUARTER RESULTS Achieves Record First Quarter Sales and Earnings Results • Same Store Sales Increased 31.8 % in FY 2021 First Quarter versus Guidance of 20 % • EPS of $ 0.96 for FY 2021 First Quarter versus Guidance Range of $ 0.47 to $ 0.53 • Ends FY 2021 First Quarter with $ 100.1 Million in Cash and Cash Equivalents , No Debt • Increases Quarterly Cash Dividend by 20 % to $ 0.18 per Share Declares Special Cash Dividend of $ 1.00 per Share Exhibit 99.1 _ EL SEGUNDO , Calif . , May 4 , 2021 - - Big 5 Sporting Goods Corporation ( Nasdaq : BGFV ) ( the “ Company , ” “ we , ” “ our , ” “ us , ” “ Big 5 ” ) , a leading sporting goods retailer , today reported financial results for the fiscal 2021 first quarter ended April 4 , 2021 . Steven G. Miller , the Company's Chairman , President and Chief Executive Officer , said , " We are pleased to report record first quarter results driven by a combination of top line sales strength , merchandise margin expansion and an improved cost structure . Our team continues to do a tremendous job satisfying the incredible consumer demand we are seeing across our diverse product mix . ” Mr. Miller continued , “ Same store sales were up 31.8 % for the fiscal 2021 first quarter reflecting broad - based strength across apparel , footwear and hardgoods , including very robust demand for winter - related products . These results were especially remarkable given the headwinds impacting sales of team sports products due to the widespread suspension of league play over most of the quarter . Our sales accelerated beyond expectations in March , benefitting from the resumption of team sports activities , along with school re - openings and stimulus checks . Our strong sales momentum has continued into the second quarter with sales