Big Lots (BIG) Tops Q3 EPS by 2c, Comps Decline 0.1%, Guides Q4 EPS Below Consensus

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Go back to Big Lots (BIG) Tops Q3 EPS by 2c, Comps Decline 0.1%, Guides Q4 EPS Below Consensus

Big Lots Reports Q3 Comps And Adjusted EPS In Line With Guidance

December 6, 2019 6:00 AM EST

COLUMBUS, Ohio, Dec. 6, 2019 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $127.0 million, or $3.25 per diluted share, for the third quarter of fiscal 2019 ended November 2, 2019. This result includes an after-tax gain of $136.6 million, or $3.49 per diluted share, associated with the sale of the company's distribution center in Rancho Cucamonga, California, as well as after-tax expense of $2.6 million, or $0.07 per diluted share, associated with the implementation of the company's strategic business transformation. Excluding these items, the adjusted net loss was $7.0 million, or $0.18 per share (see non-GAAP table... More