Big Lots Reports Record Full Year Performance
FULL YEAR COMPS UP 16.1% WITH EPS MORE THAN DOUBLE PRIOR YEAR
RECORD Q4 COMPS OF 7.9%
Q4 EPS OF $2.59 AHEAD OF GUIDANCE
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COLUMBUS, Ohio, March 5, 2021 /PRNewswire/ Big Lots, Inc. (NYSE: BIG) today reported net income of $98.0 million, or $2.59 per diluted share, for the fourth quarter of fiscal 2020 ended January 30, 2021, which compares to the company s guidance, as provided on January 13, 2021, of $2.40 to $2.50 per diluted share. Net income for the fourth quarter of fiscal 2019 was $93.8 million, or $2.39 per diluted share. Net sales for the fourth quarter of fiscal 2020 totaled $1,738 million, an 8.1% increase compared to $1,607 million for the same period last year, with the growth resulting from a 7.9% increase in comparable sales, and sales growth from new and relocated non-comp stores, offset by a slightly lower average store count year-over-year.
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