Big Lots (BIG) Tops Q1 EPS by 93c, Revenues Beat; Offers 2Q EPS Mid-Point Guidance Above Consensus
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Big Lots Reports Record Q1 Results
May 28, 2021 6:00 AM EDTCOLUMBUS, Ohio, May 28, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $94.6 million, or $2.62 per diluted share, for the first quarter of fiscal 2021 ended May 1, 2021, which compares to the company's guidance, as provided on March 5, 2021, of $1.30 to $1.45 per diluted share. Net income for the first quarter of fiscal 2020 was $49.3 million, or $1.26 per diluted share. Net sales for the first quarter of fiscal 2021 totaled $1,626 million, a 13% increase compared to $1,439 million for the same period last year, with the growth resulting from an 11.3% increase in comparable sales and sales... More
