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Big Lots, Inc. (BIG) CEO Bruce Thorn on Q4 2020 Results - Earnings Call Transcript

Mar. 05, 2021 11:45 AM ETBig Lots, Inc. (BIG)
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Big Lots, Inc. (NYSE:BIG) Q4 2020 Results Earnings Conference Call March 5, 2021 8:00 AM ET

Company Participants

Bruce Thorn - President and Chief Executive Officer

Jonathan Ramsden - EVP, Chief Financial and Administrative Officer

Conference Call Participants

Spencer Hanus - Wolfe Research

Joe Feldman - TAG

Chandni Luthra - Goldman Sachs

Peter Keith - Piper Sandler

Anthony Chukumba - Loop Capital Markets

Jason Haas - Bank of America

Brad Thomas - KeyBanc Capital Markets


Ladies and gentlemen, good morning, and welcome to the Big Lots Fourth Quarter 2020 Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

On the call today are Bruce Thorn, President and CEO; And Jonathan Ramsden, Executive Vice President, Chief Financial and Administrative Officer.

Before starting today's call, the company would like to remind you that any forward-looking statements made on the call involve risks and uncertainties and are subject to the company's safe harbor provisions, as stated in the company's press release and SEC filings, and that actual results can differ materially from those described in forward-looking statements.

The company would like to also point out, where applicable, commentary today is focused on adjusted non-GAAP results. Reconciliations of GAAP to non-GAAP adjusted results are available in today's press release.

I will now turn the call over to Bruce Thorn, President and CEO of Big Lots. Mr. Thorne, please go ahead.

Bruce Thorn

Thank you. And good morning, everyone. 2020 was a remarkable year for Big Lots, and I am proud of our strong finish, which is reflected in the results we reported this morning.

Comparable sales for the fourth quarter increased 7.9% and our diluted earnings per share were $2.59. This resulted in our strongest

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