Big Lots (BIG) Tops Q4 EPS by 4c; Issues Solid Outlook

Big Lots (NYSE: BIG) reported Q4 EPS of $2.26, $0.04 better than the analyst estimate of $2.22. Revenue for the quarter came in at $0 versus the consensus estimate of $1.59 billion. Comparable store sales increase of 0.3%, the twelfth consecutive quarter of flat or positive results

GUIDANCE:

• Big Lots sees FY2017 EPS of $3.95-$4.10, versus the consensus of $3.99.
• Forecasting comparable store sales to increase in the 1% to 2% range
• Forecasting cash flow of approximately $180 to $190 million
• Forecasting cash returned to shareholders of approximately $195 million, including share repurchases and quarterly dividend payments.

Commenting on today's release, David Campisi, Chief Executive Officer and President of Big Lots, stated, "I'm pleased to report a solid fourth quarter in what was a very difficult retail environment. We remained focused on our ownable, winnable merchandise strategy, improving the quality and value of our assortments, and our in-store service to Jennifer. Throughout 2016, we were able to drive improved consistency in our business resulting in operating profit and EPS results meaningfully above our original plans and last year. I am proud of our team and the accomplishments of 2016 and the last three years as we have made significant progress, in a very short period of time, repositioning our business for long-term success."

For earnings history and earnings-related data on Big Lots (BIG) click here.

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