Shares of Big Lots Inc. (BIG) soared $6.58 (or +15.67%) to $48.58 on Friday’s trading session after the company delivered stronger-than-expected quarterly financial results driven by healthy comp sales growth and consistent execution across its business
For its second quarter fiscal 2015, Big Lots posted net sales of $1.21 billion, a 1.2% increase year over year, and non-GAAP net income of $20.4 million, or $0.40 per diluted share, exceeding its non-GAAP net income guidance range of $0.31 to $0.35 per diluted share for the quarter and also surpassing the Capital IQ Consensus Estimate of $0.34 earnings per share on revenues of $1.2 billion for the period.
The company’sBoard of Directors declared a quarterly cash dividend of $0.19 per common share payable on September 25, 2015, to shareholders of record as of the close of business on September 11, 2015
According to its business outlook for fiscal 2015, Big Lots expects adjusted income from continuing operations to be in the range of $2.90 to $3.00 per diluted share (non-GAAP), representing an 18% to 22% increase compared to fiscal 2014 income from continuing operations of $2.46 per diluted share
Big Lots Inc. (BIG)is a unique, non-traditional, discount retailer operating 1,463 BIG LOTS stores in 47 states with product assortments in the merchandise categories of Food, Consumables, Furniture, Seasonal, Soft Home, Hard Home, and Electronics & Accessories.
Smith & Wesson Holding Corporation (SWHC) stock surged to touch a new 52-week high of $18.15 during Friday’s market activity as the company reported quarterly results that exceeded its expectations for sales and net income in both its firearms and accessories divisions
For its first quarter fiscal 2016, Smith & Wesson posted net sales of $147.8 million, a 12.1% increase year over year, and non-GAAP net income (excluding non-recurring items) of $17.7 million, or $0.32 per diluted share, compared with $14.9 million, or $0.27 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus of $0.23 earnings per share on revenues of $142.91 million
Smith & Wesson Holding Corporation (SWHC) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality firearms, related products, and training to the global military, law enforcement, and consumer markets.
Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. CRWE PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE PR Finance www.finance.crwe-pr.com/disclaimer