Big Lots Net Up 4%, Same-Store Sales Flat

COLUMBUS, Ohio ( TheStreet) -- Big Lots ( BIG) said fiscal fourth-quarter earnings rose 4.4% but comparable-store sales came in flat.

Big Lots earned $110.1 million, or $1.46 a share, compared with $105.4 million, or $1.27 a share, in the year-earlier period. Adjusted earnings for the year-earlier fourth quarter were $1.31 a share.

Fourth-quarter net sales rose 3.8% to $1.52 billion. Big Lots said comparable-store sales for stores open at least two years at the beginning of the fiscal year were flat.

Analysts surveyed by Thomson Reuters expected Big Lots to earn $1.38 a share in the fourth quarter.

Big Lots said it expects first-quarter earnings from continuing operations of 76 cents to 81 cents a share vs. year-earlier earnings of 68 cents a share.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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