Broadline closeout retailer Big Lots, Inc. (BIG) posted a rise in fourth-quarter income from continuing operations to $120.3 million, or $2.09 per share, from $114.7 million, or $1.75 per share last year. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $1.98 for the quarter. Analysts' estimates typically exclude one-time items.
The Columbus, Ohio-based company recorded quarterly net sales of $1.75 billion, up from $1.67 billion a year back. Analysts estimated revenues of $1.75 billion for the quarter. Operating profit for the recent period totaled $197 million, a 3% increase year-over-year.
Quarterly net sales for U.S. operations went up 4.4% to $1.7 billion, from $1.63 billion for the same period of fiscal 2011. Comparable-store sales for U.S. stores open at least fifteen months slid 3.5% for the quarter.
Looking ahead to the first quarter of fiscal 2013, the company sees consolidated non-GAAP income from continuing operations in the range of $0.53 - $0.65 per share. This forecast is based on an estimated comparable store sales decline for the consolidated company in the range of 1% - 3% and a total sales increase in the range of 1% - 3% for the first quarter. Analysts project first-quarter earnings of $0.75 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.