Big Lots (BIG) Reports Q3 Loss of $0.16, Revenues Beat, Comp. Sales Up 3.4%; Offers FY18 EPS Outlook Below Consensus

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Go back to Big Lots (BIG) Reports Q3 Loss of $0.16, Revenues Beat, Comp. Sales Up 3.4%; Offers FY18 EPS Outlook Below Consensus

Big Lots Reports Third Quarter Results

December 7, 2018 6:00 AM EST

COLUMBUS, Ohio, Dec. 7, 2018 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported a loss of $6.6 million, or $0.16 per share, for the third quarter of fiscal 2018 ended November 3, 2018. This result compares to our guidance in the range of income of $0.04 per diluted share to a loss of $0.06 per share, and to last year's third quarter adjusted income of $2.5 million, or $0.06 per diluted share (see non-GAAP table included later in this release). Comparable store sales for the third quarter of fiscal 2018 increased 3.4% compared to our guidance of +2% to +4%. Net sales for the third quarter of... More