More on Big Lots' Q4

|About: Big Lots, Inc. (BIG)|By:, SA News Editor

Big Lots (NYSE:BIG) reports comparable-store sales rose 0.7% in Q4.

Gross margin rate grew 10 bps to 40.9%..

SG&A expense rate flat Y/Y at 29.2%.

Operating margin rate increased 20 bps to 9.8%.

Inventory -0.2% Y/Y to $850M.

Q1 Guidance: Comparable-store sales: increase in the low single digit range; Adjusted EPS: $0.66 to $0.72 (+10% to +20%).

FY2016 Guidance: Total sales: ~flat; Comparable-store sales: to increase in the low single digit range; Adjusted EPS: $3.20 to $3.35 (+8% to +13%); Cash flow: ~$200M.

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