California-based sporting goods retailer Big 5 Sporting Goods has reported 7.4% growth in net revenues to $243.6m in the fourth quarter of fiscal 2012, as against $226.7m in the corresponding period of 2011.
Same store sales saw 6.5% rise in the quarter.
Net sales surged by 4.2% to $940.5m for the complete fiscal year ended 30 December 2012, compared to $902.1m in the previous year. The chain posted 2.5% increase in same store sales in fiscal 2012.
Commenting on the positive sales, Big 5 Sporting Goods chairman, president and chief executive officer Steven G. Miller said that the same store sales marks the record quarterly for the chain in ten years.
"Our sales comped positively in the mid-single-digit range for our October and November periods and comped positively in the high single-digit range for our December period.
"All three of our major merchandise categories comped positively for the quarter, with hard goods being our strongest category followed by apparel and footwear," added Miller.
Miller also stated that the positive cash flow during the last quarter of the year aided them in reducing borrowings under revolving credit facility to $47.5m in 2012, compared with $63.5m in 2011.
Big 5 Sporting Goods retails athletic shoes, apparel and accessories, and a broad selection of outdoor and athletic equipment through its 414 stores in 12 US states.