Big Lots (BIG) Tops Q4 EPS by 14c, Sales Miss Slightly

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Go back to Big Lots (BIG) Tops Q4 EPS by 14c, Sales Miss Slightly

Big Lots Reports Record Q4 EPS Exceeding Expectations

March 9, 2018 6:00 AM EST

COLUMBUS, Ohio, March 9, 2018 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income of $104.8 million, or $2.46 per diluted share, for the fourth quarter of fiscal 2017 ended February 3, 2018. This result includes a provisional tax expense of $4.5 million, or $0.11 per diluted share, associated with the revaluation of deferred tax assets resulting from new corporate tax legislation (impact described later in this release). Excluding this expense, adjusted income totaled $109.3 million, or $2.57 per diluted share (see non-GAAP table included later in this release), which exceeds our previously communicated guidance of income of $2.35 to $2.40 per diluted... More