Big Lots (BIG) Tops Q2 EPS by 5c, Revenues Beat, Comp. Sales Up 31.3%
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Big Lots Reports Record Q2 Results
August 28, 2020 6:00 AM EDTCOLUMBUS, Ohio, Aug. 28, 2020 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $452.0 million, or $11.29 per diluted share, for the second quarter of fiscal 2020 ended August 1, 2020. This result includes a one-time, after-tax benefit of $341.9 million, or $8.54 per diluted share, associated with the distribution centers sold as part of the previously announced sale/leaseback transactions that closed during the quarter. Excluding this benefit, adjusted net income was $110.1 million, or $2.75 per diluted share (see non-GAAP table included later in this release), which compares to the company's guidance for the second quarter, as... More
