Big Lots Inc. (NYSE: BIG) said on Friday that its profit in the fiscal fourth quarter came in better than what analysts had anticipated. Its same-store sales, however, fell shy of estimates in Q4. The company also gave upbeat guidance for the fiscal first quarter on Friday.
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Big Lots’ Q4 financial results versus analysts’ estimates
Big Lots said that its net income in the quarter that concluded on 30th January printed at £70.90 million, that translates to £1.87 per share. In the comparable quarter of last year, its net income was capped at a lower £67.86 million, or £1.73 per share.
The retail company valued its net sales in Q4 at £1.26 billion, that represents an annualised growth of 8.1%. Big Lots’ comparable-store sales, on the other hand, jumped 7.9% in the recent quarter. In the prior quarter (Q3), the Columbus-based company’s net sales had jumped 18%.
According to FactSet, experts had forecast the company to post £1.81 of earnings per share in the fourth quarter. Their estimate for same-store sales growth stood at a broader 8.5%. Big Lots’ revenue in Q4 was in line with the FactSet consensus.
For the fiscal first quarter, the American company now expects its per-share earnings to fall in the range of 94 pence to £1.05. It predicts an under 5% growth in its comparable-store sales in the current quarter. Analysts, on the other hand, are calling for 96 pence of earnings per share in Q1 and a 2.0% decline in same-store sales.
Big Lots’ quarterly update
