Big Lots has reported income from continuing operations of $94.7 million, or $1.91 per diluted share, for the fourth quarter of fiscal 2015 ended January 30, versus $94 million, or $1.77 per diluted share in the year-earlier quarter.
With a pension plan-related one time expense excluded, adjusted income from continuing operations totaled $99.3 million, or $2 per diluted share, versus $94 million, or $1.76 per diluted share, for the fourth quarter of fiscal 2014.
Adjusted diluted earnings beat an analyst average estimate of $1.98 published by MarketBeat.
Comparable store sales for stores gained 0.7% versus last year’s quarter.
Net sales slipped 0.6% to $1.58 billion as compared to the period in the prior year, as a decrease in store count offset the comp gain, the company asserted.
For fiscal 2015, income from continuing operations totaled $143 million, or $2.81 per diluted share, versus $136.7 million, or $2.46 per diluted share, for the year previous. Adjusted income from continuing operations totaled $151.3 million, or $2.97 per diluted share, versus $136.7 million, or $2.46 per diluted share, for fiscal 2014.
Comps advanced 1.8% year over year.
Net sales from continuing operations for fiscal 2015 increased 0.3% to $5.19 billion as compared to the year earlier.
David Campisi, Big Lots president and CEO, said, “Fourth quarter earnings were at the high end of our guidance range and comps increased for an eighth consecutive quarter, despite the disruption from winter storm Jonas and a later start to the tax refund season for our customers. Throughout 2015, we remained focused on our strategy and the consistency of our performance and [the target customer]has responded positively.”
Big Lots operates 1,449 stores in 47 of the United States.