Big Lots (BIG) Declares $0.30 Quarterly Dividend; 1.9% Yield
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Big Lots (BIG) Tops Q1 EPS by 93c, Revenues Beat; Offers 2Q EPS Mid-Point Guidance Above Consensus
May 28, 2021 6:03 AM EDTBig Lots (NYSE: BIG) reported Q1 EPS of $2.62, $0.93 better than the analyst estimate of $1.69. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.53 billion.
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 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... More