Big Lots provided an upbeat outlook and posted a strong first quarter, beating profit expectations.

The chain reported income of $51.5 million, or $1.15 per diluted share, for the quarter ended April 29, 2017, which easily beat Wall Street expectations. This compares to $38.7 million, or 79 cents a share, in the year-ago period.

Same-store sales decreased 0.9%. Net sales decreased 1.2% to $1.30 million, a result of the comparable store sales…