Big Lots (BIG) Misses Q1 EPS by 24c, Revenues Miss, 1Q Comps Down 3%; Offers FY EPS Guidance Below Consensus

Big Lots (NYSE: BIG) reported Q1 EPS of $0.95, $0.24 worse than the analyst estimate of $1.19. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.29 billion.

• FISCAL Q2 2018 GUIDANCE
• Provides initial Q2 guidance for income of $0.60 to $0.70 per diluted share, compared to income of $0.67 per diluted share for the same period last year
• Provides initial Q2 guidance for comparable store sales in the range of flat to +2%
• For the second quarter of fiscal 2018, we estimate income will be in the range of $0.60 to $0.70 per diluted share, compared to income of $0.67 per diluted share for the second quarter of fiscal 2017. This guidance is based on comparable store sales in the range of flat to +2%, compared to a 1.8% comparable store sales increase in the second quarter of fiscal 2017.

FISCAL 2018 GUIDANCE

• Updates guidance for fiscal 2018 adjusted income to be in the range of $4.50 to $4.70 per diluted share (non-GAAP), compared to fiscal 2017 adjusted income of $4.45 per diluted share (non-GAAP)
• Updates guidance for fiscal 2018 comparable store sales increase of approximately 1%
• Updates guidance for fiscal 2018 cash flow of $110 to $120 million

GUIDANCE:

Big Lots sees FY2018 EPS of $4.50-$4.70, versus the consensus of $4.87.

For earnings history and earnings-related data on Big Lots (BIG) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M