Big Lots (BIG) Tops Q1 EPS by 1c; Comps Rose 1.6%

Big Lots (NYSE: BIG) reported Q1 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.28 billion.

Comparable store sales for stores open at least fifteen months increased 1.6% for the quarter, compared to our guidance of +1% to +2%. Net sales for the first quarter of fiscal 2015 decreased 0.1% to $1,280.5 million, as our comparable store sales increase was offset by a slightly lower store count compared to last year.

Big Lots sees Q2 2015 EPS of $0.31-$0.35, versus the consensus of $0.37.

Big Lots sees FY2015 EPS of $2.80-$2.90, versus the consensus of $2.87.

For earnings history and earnings-related data on Big Lots (BIG) click here.

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