BIG - Big Lots Non-GAAP EPS of -$0.28 beats by $0.49 revenue of $1.54B misses by $10M
- Big Lots press release ( NYSE: BIG ): Q4 Non-GAAP EPS of -$0.28 beats by $0.49 .
- Revenue of $1.54B (-11.0% Y/Y) misses by $10M .
- Outlook: For the first quarter, the company expects comps to be down in the low to mid-teens range. Net new stores will add about 40 basis points of growth versus 2022. The company expects the first quarter gross margin rate to improve sequentially versus Q4 into the high-30s range. Given an atypically wide range of potential outcomes, the company is not providing EPS guidance at this point. The company expects a share count of approximately 29.1 million for Q1.
- Shares +2.26% PM.
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Big Lots Non-GAAP EPS of -$0.28 beats by $0.49, revenue of $1.54B misses by $10M