Net income for the fourth quarter of fiscal 2010 was $4.0 million, or $0.18 per diluted share, compared to net income of $6.4 million, or $0.29 per diluted share, for the fourth quarter of fiscal 2009. Results for the fourth quarter of fiscal 2010 include a net pre-tax charge of $2.3 million, or $0.07 per diluted share, for lawsuits previously disclosed in the Company's filings with the SEC, of which $1.5 million was classified as selling and administrative expense and $0.8 million was classified as a reduction in net sales. Results for the fourth quarter of fiscal 2009 include a net pre-tax charge of approximately $1.0 million, or $0.03 per diluted share, related to legal matters.For the 52-week fiscal 2010 full year, net sales increased to $896.8 million from net sales of $895.5 million for the 53-week fiscal 2009 full year. Same store sales in fiscal 2010 increased 0.8% versus the comparable period in the prior year. Net income was $20.6 million, or $0.94 per diluted share, for fiscal 2010, compared to net income of $21.8 million, or $1.01 per diluted share, in fiscal 2009. Results for fiscal 2010 include the net charge of $0.07 per diluted share relating to legal matters. Results for fiscal 2009 include the net charge of $0.03 per diluted share relating to legal matters.
Big 5 Sporting Goods Corporation Announces Fiscal 2010 Fourth Quarter And Full-Year Results; Increases Quarterly Cash Dividend By 50%
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