Big 5 Sporting Goods Corporation reported sales results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net sales of $243.2 million compared to $266.3 million for the fourth quarter of fiscal 2016. Same store sales decreased 9.4% compared to a 3.1% increase in same store sales for the fourth quarter of fiscal 2016.

For the year, the company's net sales decreased to $1.01 billion from $1.02 billion in fiscal 2016. Same store sales decreased 1.2% for the fiscal 2017 full year.

The company revised earnings guidance for the fourth quarter and full year ended December 31, 2017. For the quarter, the company now expects to realize a loss per share in the range of $0.08 to $0.13, which excludes charges to be determined related to the recent tax legislation and potential asset impairment related to a small number of the company's stores. The company expects to adjust its deferred tax assets based on the recent tax legislation and believes this will result in a one-time non-cash expense of approximately $5.0 million to $6.0 million ($0.25 to $0.30 per share) in the fourth quarter. The company's previous guidance for the fourth quarter of fiscal 2017 was for earnings per diluted share to be in the range of $0.16 to $0.28.

For the fiscal 2017 full year, the company currently expects to realize earnings per diluted share in the range of $0.52 to $0.57, which excludes the charges described above to be determined related to the recent tax legislation and potential store asset impairment, compared to fiscal 2016 earnings of $0.77 per diluted share, including $0.05 per diluted share of charges for store closing costs and the net write-off of deferred tax assets related to share-based compensation.