Retailer Big 5 Sporting Goods Corporation said that its net income for the first quarter of fiscal 2008 was $4.1m, compared to income of $7.6m in Q1 2007.

Net sales for the opening quarter were $212.9m, compared to net sales of $217.0m in the first quarter of fiscal 2007. Same-store sales declined 5.1% for the first quarter.

Big 5 said that sales results reflected weakness in the consumer environment, which contributed to a decrease in customer traffic, as well as the continued deterioration in the performance of the roller shoe product category over the prior year.

It said this was partially offset by strong sales of winter-related products due to favourable weather conditions in many of the company's markets.

The decline in roller shoe performance, however, accounted for approximately 40% of the same store sales decline during the first quarter.

The company's gross profit margin was 33.6% in the fiscal 2008 first quarter versus 34.9% in the first quarter of the prior year, driven primarily by an 83 basis-point decline in product selling margins and higher store occupancy costs, it said.

"Despite a strong first quarter performance by our winter-related product categories, which benefited in part from favourable weather conditions in many of our markets, we were unable to fully offset the general softness in the overall consumer environment and the substantial impact of very negative sales comparisons in our roller shoe category," said Steven G Miller, the company's chairman, president and CEO. "Given the difficult consumer climate, we have worked very hard to strengthen the aspects of our business that are within our control, including our inventory position."

For the fiscal 2008 second quarter, the company expects a decline in same-store sales in the mid-single digit range, and for fiscal 2008 full-year, a decline in same-store sales in the low to mid-single digit range.

Big 5 opened one new store during the first quarter of fiscal 2008, and operated 364 stores as of the end of the first quarter. It anticipates opening three net new stores during the fiscal 2008 second quarter and anticipates opening approximately 20 new stores, net of relocations and closures, during fiscal 2008.