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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 THIRD QUARTER RESULTS . EPS of $ 1.07 for FY 2021 Third Quarter • Declares Special Cash Dividend of $ 1.00 per Share Declares Regular Cash Dividend of $ 0.25 per Share Exhibit 99.1 EL SEGUNDO , Calif . , November 2 , 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 third quarter ended October 3 , 2021 . Net sales for the fiscal 2021 third quarter were $ 289.6 million compared to net sales of $ 305.0 million for the third quarter of fiscal 2020. The decrease in net sales primarily reflects the unfavorable impact from a calendar shift related to the Company's 53 - week fiscal year in 2020 that resulted in pre - Fourth of July holiday sales moving from the third quarter in fiscal 2020 to the second quarter in fiscal 2021. This calendar shift does not impact the Company's same store sales calculation , which is measured on a comparable - week basis . Same store sales for the third quarter of fiscal 2021 decreased 0.7 % compared to the prior year period and increased 13.2 % compared to the third quarter of 2019 . Gross profit for the fiscal 2021 third quarter was $ 108.0 million , which compares to $ 110.0 million in the third quarter of the prior year . The Company's gross profit margin was 37.3 % in the fiscal 2021 third quarter versus 36.1 % in the third quarter of the prior year . The increase in gross profit margin largely reflects a 152 - basis point increase in merchandise margins , partially offset by higher store occupancy expense as a percentage of net sales compared with the prior year .