Big Lots reported that its Q4 2010 earnings was $110 million or $1.46 per share, an increase of 4.3% compared to $105 million, or $1.27 per share a year earlier. Revenue increased 4% to $1.52 billion. Analysts were expecting $1.38 per share on $1.52 billion in revenue.
Big Lots reported that its Q4 2010 revenue increased 3.8% for the quater to $1.51 billion. Comparable store sales however remained flat. The company cited weak sales toward the end of January due to bad winter weather.
TheStreet downgraded BIG from "Buy" to "Hold' after poor Q3 2010 earnings data. Barclays reduced its price target of BIG from $42 per share to $36.
BIG announced that its Q3 2010 earnings was $17.7 million, or $0.23 per share, down 42% compared to $30.3 million, or $0.37 per share a year earlier. A 2% increase in revenue was offset by increased costs from investments in new stores. The company lowered its FY outlook to between $2.75 and $2.81 per share, down from a prior forecast of $2.82 to $2.90.
Buckingham Research upgraded BIG from "neutral" to "buy" citing a positive fourth-quarter outlook for the company.
BIG announced that its Q3 Revenue increased by 2.4%, lower than what analysts were expecting. Revenues were $1.04 billion and analysts were expecting $1.1 billion. Comparable store sales for the period increased by 0.7%.
J.P. Morgan Securities downgraded Big Lots from Market Outperform to Market Perform.
BIG announced that its Q2 2010 earnings were $38.9 million, or 48 cents per share, in increase of 37% compared to $28.4 million, or 34 cents per share in the prior year period. Net sales increased 5% to $1.14 bilion, which was just shy of the $1.15 billion that analysts were expecting.
Big Lots announced that its Q2 2010 same-store sales increased by 3.8%, just short of the 4%-5% increase that it had expected. Total revenue for the period increased 6% to $1.13 billion. Analysts were expecting $1.16 billion.
JP Morgan downgraded Big Lots from overweight to neutral on worries that consumer spending will be choppy and that BIG will be vulnurable as a discretionary retailer.
Big Lots reported that its Q1 2010 earnings was $55.9 million, or 68 cents per share, up 54% from $36.2 million, or 44 cents per share last year. Net sales and comparable store sales increased by 8.2% and 6% respectively. The company also increased its 2010 net income guidance to between $2.75 to $2.85 per share -- analysts were expecting $2.80 per share.
Big Lots announced that its Q1 2010 net sales rose 8.1% to $1.22 billion. The increase in net sales was due to higher demand for home and furniture products. Comparable store sales for the period increasd by 6%, which was on the upper end of the company's guidance.
Big Lots reported that it's Q4 2009 earnings was $105.4 million, or $1.27 per share, up 34% from $78.8 million or 96 cents per share a year ago. Net sales rose 7% and comparable store sales rose 5.1% for the quarter.
BIG reported that its Q4 2009 sales increased by 6.9% to $1.45 billion. Comparable store sales during this period rose 5.1%.
BIG announced that its Q3 2009 earnings were $30.3 million, or 37 cents/share, up 147% from $12.2 million or 15 cents/share a year ago. The increase was due to higher inventory sales and lower expenses. The company's earnings beat analyst estimates of 19 cents/share.
BIG reported that its Q3 2009 comparable store sales fell 0.2% hurt by lower sales of seasonal items and furniture. The company expected that the comp would be flat to down 2%. Net sales for the period increase 0.9%. BIG reports its Q3 2009 results on December 4, 2009.
BIG announced a Q2 profit increase of 9%, or 34 cents/share. The increase in profits were due to decrease in expenses reltated to distribution, transportation, advertising and payroll. However, the company's net sales for the quarter decreased by 1.8%. BIG also raised their full-year outlook.
The company reported that its first quarter profits for 2009 rose 5% compared to the previous year's quarter. The company attributes this gain to a decrease in SG&A expenses. Net sales did slip 1% from a year ago, but still be Wall Street's estimates.
For Q4 2008, ended Feb. 2, 2009, BIG reported earnings per share of $1.00, above the analysts' consensus of $0.93. Comparable sales were down 3.2%, but gross margin for the quarter improved 70 bps year-on-year due to better sellthrough of seasonal goods at lower markdowns and lowered costs.
During Q3 2008 ended Nov. 1, 2008, BIG reported sales were down 0.8% to $1.006 billion when compared to the prior-year quarter. Sales from comparable stores opened two years or longer during this fiscal quarter were also down by 0.2%. Outlook for Q4 is not expected to improve.
Big Lots announced that net sales of the company for Q2 were $1,084.9 million as compared to $1,056.5 million in the same period last year; an increase of 2.7 percent. The net profit of the company also increased five times as compared to the last year.