Comparable store sales increase of 0.3%, the twelfth consecutive quarter of flat or positive results.
Looking ahead into its first quarter, the company is expecting to see earnings of $0.95-1.05 per share, excluding non-recurring items, which comes in above expectations. For its fiscal year 2018, the company is forecasting it will earn $3.95-4.10 per share, excluding non-recurring items, which falls in-line with expectations.
This guidance is based on a comparable store sales increase in the 1% to 2% range and total sales flat to up slightly. Forecasting cash flow of approximately $180 to $190 million.
In other news, on February 28, 2017, the company's Board of Directors approved a share repurchase program providing for the repurchase of up to $150 million of its common shares. The $150 million authorization is expected to be utilized to repurchase shares in the open market and/or in privately negotiated transactions at its discretion, subject to market conditions and other factors.
On top of that, the company also raised its quarterly dividend by 19% to $0.25 per share.
The company ended fiscal 2016 with $51 million of Cash and Cash Equivalents and $106 million of borrowings under its credit facility compared to $54 million of Cash and Cash Equivalents and $62 million of borrowings under its credit facility as of the end of fiscal 2015.
The company said, "Throughout 2016, we were able to drive improved consistency in our business resulting in operating profit and EPS results meaningfully above our original plans and last year."
Pre-market, shares are trading 5.1% higher at $54.90/share.