Big 5 Sporting Goods Corporation Appoints Stephen Carley to Its Board of Directors
October 10 2019 - 8:00AM
Big 5 Sporting Goods Corporation (NASDAQ: BGFV) (the “Company”), a
leading sporting goods retailer, is pleased to announce the
appointment of Stephen Carley to its board of directors, effective
today. Mr. Carley has an extensive background in operational
leadership, marketing and strategic planning, which he garnered
during more than 40 years of experience as an executive and board
member in a variety of consumer-facing industries.
Steven G. Miller, the Company’s Chairman,
President and Chief Executive Officer, commented, “Steve Carley
brings exceptional experience driving operational improvements as
chief executive of several multi-unit consumer-facing companies, as
well as a strong background in marketing leadership roles across
many leading brands. We are excited to have Steve join the
Big 5 Sporting Goods Board of Directors and look forward to his
contributions as we continue to refine and execute on our long-term
growth strategy.”
Mr. Carley was previously Chief Executive
Officer of Red Robin Gourmet Burgers for nearly six years and
President and Chief Executive Officer of El Pollo Loco for almost
ten years. He also served as President and Chief Operating
Officer of the Universal City Hollywood theme park and
entertainment complex, and served for eleven years at Pepsico in a
variety of leadership positions within its Taco Bell division and
other divisions. He began his career in marketing and product
management with General Mills and The Pillsbury Company. Mr.
Carley previously served as a director for Red Robin Gourmet
Burgers, El Pollo Loco and Harte Hanks, a global marketing
firm.
About Big 5 Sporting Goods Corporation
Big 5 is a leading sporting goods retailer in
the western United States, operating 433 stores under the “Big 5
Sporting Goods” name as of the fiscal quarter ended September 29,
2019. Big 5 provides a full-line product offering in a
traditional sporting goods store format that averages 11,000 square
feet. Big 5’s product mix includes athletic shoes, apparel
and accessories, as well as a broad selection of outdoor and
athletic equipment for team sports, fitness, camping, hunting,
fishing, tennis, golf, winter and summer recreation and roller
sports.
Except for historical information contained
herein, the statements in this release are forward-looking and made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties and other factors that
may cause Big 5’s actual results in current or future periods to
differ materially from forecasted results. These risks and
uncertainties include, among other things, changes in the consumer
spending environment, fluctuations in consumer holiday spending
patterns, increased competition from e-commerce retailers, breach
of data security or other unauthorized disclosure of sensitive
personal or confidential information, the competitive environment
in the sporting goods industry in general and in Big 5’s specific
market areas, inflation, product availability and growth
opportunities, changes in the current market for (or regulation of)
firearm-related products, disruption in product flow, seasonal
fluctuations, weather conditions, changes in cost of goods,
operating expense fluctuations, increases in labor and
benefit-related expense, changes in laws or regulations, including
those related to tariffs and duties, lower than expected
profitability of Big 5’s e-commerce platform or cannibalization of
sales from Big 5’s existing store base which could occur as a
result of operating the e-commerce platform, litigation risks,
stockholder campaigns and proxy contests, risks related to Big 5’s
leveraged financial condition, changes in interest rates, credit
availability, higher expense associated with sources of credit
resulting from uncertainty in financial markets and economic
conditions in general. Those and other risks and uncertainties are
more fully described in Big 5’s filings with the Securities and
Exchange Commission, including its Annual Reports on Form 10-K and
Quarterly Reports on Form 10-Q. Big 5 conducts its business in a
highly competitive and rapidly changing environment. Accordingly,
new risk factors may arise. It is not possible for management to
predict all such risk factors, nor to assess the impact of all such
risk factors on Big 5’s business or the extent to which any
individual risk factor, or combination of factors, may cause
results to differ materially from those contained in any
forward-looking statement. Big 5 undertakes no obligation to revise
or update any forward-looking statement that may be made from time
to time by it or on its behalf.
Contact:
Big 5 Sporting Goods CorporationBarry EmersonSr. Vice President
and Chief Financial Officer(310) 536-0611
ICR, Inc.John MillsManaging Partner(646) 277-1254
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