Loading...
Loading...
reported better-than-expected earnings for the fiscal fourth quarter.
The Columbus, Ohio-based company posted quarterly earnings of $94.4 million, or $1.77 per share, compared to $84.4 million, or $1.45 per share, in the year-ago period. Excluding discontinued operations, the company's earnings came in at $1.76 per share.
Its revenue rose to $1.59 billion from $1.57 billion. However, analysts were expecting earnings of $1.75 per share on revenue of $1.59 billion.
Comparable store sales gained 2.9% in the quarter.
Operating margin rose 100 basis points to 40.8% from 38.8%.
At the end of fiscal 2014, inventory was $852 million, versus $915 million for fiscal 2013.
Big Lots announced a $200 million share repurchase program and a 12% rise in quarterly cash dividend.
David Campisi, Chief Executive Officer and President of Big Lots, said, "I'm very pleased with our fourth quarter results and strong finish to the year…Throughout 2014, we remained focused on our strategy and the consistency of our performance allowed us to drive positive comps in all four quarters for the first time in eight years."
For the full year, Big Lots projects earnings of $2.75 to $2.90 per share. The company also expects comparable store sales growth in the low single digit range. Analysts had expected earnings of $2.94 per share.
For the first quarter of fiscal 2015, the company expects income from continuing operations of $0.55 to $0.60 per share. Analysts had expected earnings of $0.65 per share.
Big Lots shares gained 0.86% to close at $47.82 yesterday.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in