Big Lots Earnings Call, First Quarter 2008
30th May 2008 00:00 AM |
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| Big Lots continues to invest in the future of this business by rolling out a new store register systems and implementing SAP. |
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| The broadline closeout retailer reported income from continuing operations of $35 million or 42 cents a share, up 29% from $27 million, or 24 cents a share in 2007 as a result of significant expense leverage driven by the comparable store sales increase and improvement in the gross margin rate. Sales were $1.152 billion, compared to $1.128 billion in the prior year. Big Lots completed its $150 million share repurchase program by repurchasing $37 million, or 2.2 million shares. |
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Big Lots Fourth Quarter Earnings Call
7th March 2008 00:00 AM |
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| The profit dropped to $92 million or $1.04 per share as against $104.3 million or 94 cents per share in the prior year. |
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| The discount retailer reported revenue decline of 9% over last year to $1.41 billion, on marginal decline in same store sales. In Q4, SG&A improved 130 basis points to 30.3%, primarily through distribution and transportation efficiencies, lower insurance costs and lower utilities. Big Lots has entered into an agreement with SAP and from mid 2008, it will start moving toward the implementation of SAP systems. For fiscal 2008, the firm projects non-GAAP EPS in the range of f $1.70 to $1.80. |
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Big Lots Second Quarter Earnings Call
21st September 2007 00:00 AM |
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| Net income climbed to $23.4 million, or 22 cents per share, compared with $4.3 million, or 4 cents per share, a year ago. |
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| The closeout retailer said that its quarterly profit surged on higher same-store sales and lower costs. Income from continuing operations jumped to $22.1 million, or 21 cents per share, from $4.7 million, or 4 cents per share last year. Selling and administrative expenses slid to $365.8 million from $380.1 million. The company now sees 2007 earnings from continuing operations in a range of $1.43 to $1.48 per share, up from its prior forecast of $1.25 to $1.30 per share. |
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