Big Lots (BIG) Tops Q4 EPS by 8c

Big Lots (NYSE: BIG) reported Q4 EPS of ($0.28), $0.08 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.43 billion.

• "We expect quarterly year over year gross margin improvements to continue in 2024, and see a path to positive comparable sales as the year progresses. Further, we expect to realize most of the $200 million+ of bottom-line opportunities through Project Springboard. We also expect to significantly grow our bargains penetration to 75% of our sales, and within that, have an expanded assortment of extreme bargains. These extreme bargains create a more exciting treasure hunt experience, which will keep our customers coming back to our stores and help drive comparable sales growth. By leaning in further on our heritage of providing unmistakable value to consumers, we will solidify our position as America's Discount Home Store."

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

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