Big Lots (BIG) Tops Q4 EPS by 3c; Guides Q1 Profit Below Consensus
Tweet
Share
E-mail
Get Alerts BIG Hot Sheet
Price: $3.66 +6.71%
Revenue Growth %: -7.1%
Financial Fact:
Selling and administrative expenses: 409.75M
Today's EPS Names:
ESCA, LICT, NKSH, More
Revenue Growth %: -7.1%
Financial Fact:
Selling and administrative expenses: 409.75M
Today's EPS Names:
ESCA, LICT, NKSH, More
Join SI Premium – FREE
(Updated - March 7, 2014 6:44 AM EST)
Big Lots, Inc. (NYSE: BIG) reported Q4 EPS of $1.45, $0.03 better than the analyst estimate of $1.42. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.62 billion.
Net sales for continuing U.S. operations for the fourth quarter of fiscal 2013 decreased 7.3% to $1,571.9 million, compared to $1,696.0 million for the fourth quarter last year.
Comparable store sales for U.S. stores open at least fifteen months decreased 3.0% for the quarter, which is consistent with our previously communicated guidance.
Net loss for Canadian operations for the fourth quarter of fiscal 2013 totaled $27.0 million, or $0.47 per diluted share.
Sees FY2014 EPS of $2.25 - $2.45, versus the consensus of $2.40. Forecasting U.S. comparable store sales in the range of flat to +2% for fiscal 2014. Forecasting cash flow from continuing U.S. operations of $165 million and consolidated cash flow of approximately $140 million after the impact of the wind down of our Canadian discontinued operations
Sees Q1 2014 EPS of $0.40 - $0.45, versus the consensus of $0.50. This guidance assumes U.S. comparable store sales are in a range of slightly positive to slightly negative.
For earnings history and earnings-related data on Big Lots, Inc. (BIG) click here.
Big Lots, Inc. (NYSE: BIG) reported Q4 EPS of $1.45, $0.03 better than the analyst estimate of $1.42. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.62 billion.
Net sales for continuing U.S. operations for the fourth quarter of fiscal 2013 decreased 7.3% to $1,571.9 million, compared to $1,696.0 million for the fourth quarter last year.
Comparable store sales for U.S. stores open at least fifteen months decreased 3.0% for the quarter, which is consistent with our previously communicated guidance.
Net loss for Canadian operations for the fourth quarter of fiscal 2013 totaled $27.0 million, or $0.47 per diluted share.
Sees FY2014 EPS of $2.25 - $2.45, versus the consensus of $2.40. Forecasting U.S. comparable store sales in the range of flat to +2% for fiscal 2014. Forecasting cash flow from continuing U.S. operations of $165 million and consolidated cash flow of approximately $140 million after the impact of the wind down of our Canadian discontinued operations
Sees Q1 2014 EPS of $0.40 - $0.45, versus the consensus of $0.50. This guidance assumes U.S. comparable store sales are in a range of slightly positive to slightly negative.
For earnings history and earnings-related data on Big Lots, Inc. (BIG) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BayCom Corp (BCML) Misses Q1 EPS by 4c
- Elevance Health (ELV) hikes 2024 earnings outlook, shares climb
- Glacier Bancorp (GBCI) Approved to Acquire Six Montana Branches From HTLF Bank (HTLF)
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
