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BIG 5 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 SECOND QUARTER RESULTS Achieves Record Quarterly Sales and Earnings Results • Same Store Sales Increased 31.2 % in FY 2021 Second Quarter versus the High - End of Guidance of 27 % • EPS of $ 1.63 for FY 2021 Second Quarter versus Guidance Range of $ 1.05 to $ 1.25 Exhibit 99.1 Increases Quarterly Cash Dividend by 39 % to $ 0.25 per Share EL SEGUNDO , Calif . , August 3 , 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 second quarter ended July 4 , 2021 . Steven G. Miller , the Company's Chairman , President and Chief Executive Officer , said , “ Our second quarter results exceeded expectations , as we achieved another quarter of record sales and earnings results . Same store sales for the fiscal 2021 second quarter were up 31.2 % versus the prior year period and were up 33.4 % versus the fiscal 2019 second quarter , reflecting a continuation of strong broad - based demand across our product mix . For the second quarter , we generated record net income of $ 36.8 million with $ 88.7 million of operating cash flow . Our bottom - line results benefitted from further expansion of our merchandise margins , as well as operating with a cost structure that is meaningfully enhanced compared to pre - pandemic . Although we are cycling the peak of the 2020 COVID - 19 related sales surge and we are being impacted by the widely reported supply chain disruptions and staffing challenges in the retail industry , we have continued to produce strong sales growth and margins versus historical pre - pandemic levels . In light of the overall strength of our business , our Board of Directors has declared a 39 % increase in our regular cash dividend to an annual rate of $ 1.00 per share , which is our fourth dividend increase over the past four quarters . ”