Big Lots (BIG) Reports Q2 EPS of $0.52; Boosts FY16 EPS Outlook

Big Lots Reports Second Quarter EPS From Continuing Operations of $0.51 (EPS $0.52 on an Adjusted Basis)

COLUMBUS, Ohio, Aug. 26, 2016 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income from continuing operations of $22.7 million, or $0.51 per diluted share, for the second quarter of fiscal 2016 ended July 30, 2016. This result includes an after tax expense of $0.6 million, or $0.01 per diluted share, associated with legacy pension plans which have been terminated. Excluding this expense, adjusted income from continuing operations totaled $23.4 million, or $0.52 per diluted share (see non-GAAP table included later in this release), which compares to our guidance of adjusted income from continuing operations of $0.42 to $0.47 per diluted share (non-GAAP).... More