Big Lots (BIG) Tops Q1 EPS by 12c; Comps Rose 3.0%; FY16 EPS Outlook Raised
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Big Lots Reports Record First Quarter EPS From Continuing Operations of $0.79 ($0.82 on an Adjusted Basis)
May 27, 2016 6:00 AM EDTCOLUMBUS, Ohio, May 27, 2016 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income from continuing operations of $38.6 million, or $0.79 per diluted share, for the first quarter of fiscal 2016 ended April 30, 2016. This result includes an after tax expense of $1.3 million, or $0.03 per diluted share, associated with legacy pension plans which have been terminated. Excluding this expense, adjusted income from continuing operations totaled $39.9 million, or $0.82 per diluted share (see non-GAAP table included later in this release), which compares to our guidance of adjusted income from continuing operations of $0.66 to $0.72 per diluted share (non-GAAP).... More
Big Lots Announces Quarterly Dividend On Common Stock
May 27, 2016 5:45 AM EDTCOLUMBUS, Ohio, May 27, 2016 /PRNewswire/ --Â Big Lots, Inc. (NYSE: BIG) announced today on May 26, 2016 our Board of Directors declared a quarterly cash dividend of $0.21 per common share.
The dividend will be paid on June 24, 2016, to shareholders of record as of the close of business on June 10, 2016.
"I'm pleased with today's announcement of a quarterly dividend," stated David Campisi, Chief Executive Officer and President of Big Lots. "We believe returning cash to our shareholders to enhance overall financial returns demonstrates the confidence the Board of Directors has in our management... More
