Big Lots (BIG) Misses Q2 EPS by 8c, Revenues Miss, Sales Comps of 1.6% Below 2% Guidance; Offers FY18 EPS Outlook Below Consensus

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Go back to Big Lots (BIG) Misses Q2 EPS by 8c, Revenues Miss, Sales Comps of 1.6% Below 2% Guidance; Offers FY18 EPS Outlook Below Consensus

Big Lots Reports Second Quarter Earnings

August 31, 2018 6:00 AM EDT

COLUMBUS, Ohio, Aug. 31, 2018 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported income of $24.2 million, or $0.59 per diluted share, for the second quarter of fiscal 2018 ended August 4, 2018. This result compares to our guidance of income in the range of $0.60 to $0.70 per diluted share, and to last year's second quarter income of $29.1 million, or $0.67 per diluted share. Comparable store sales for the second quarter of fiscal 2018 increased 1.6% compared to our guidance of flat to +2%. Net sales for the second quarter of fiscal 2018 were $1,222.2 million compared to $1,219.6 million for the same period... More